Dem. People's Rep. of Korea-Netherlands Bilateral Trade Analysis 2023
Complete trade statistics: $743,420 total volume •Dem. People's Rep. of Korea deficit: $743,420
Dem. People's Rep. of Korea → Netherlands
$0
Exports (2023)
Netherlands → Dem. People's Rep. of Korea
$743,420
Imports (2023)
Trade Balance
$743,420
Deficit for Dem. People's Rep. of Korea
Total Trade
$743,420
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dem. People's Rep. of Korea and Netherlands. Green line shows exports from Dem. People's Rep. of Korea, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Dem. People's Rep. of Korea-Netherlands commercial relationship and competitive positioning in global markets.
Dem. People's Rep. of Korea → Netherlands Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dem. People's Rep. of Korea's export portfolio to Netherlands demonstrates strategic specialization, with aluminium: unwrought, (not alloyed) representing a key competitive advantage in this bilateral market.
Netherlands → Dem. People's Rep. of Korea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dem. People's Rep. of Korea's import pattern from Netherlands reveals significant dependencyin dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dem. People's Rep. of Korea demonstrates competitive strength in exportingaluminium: unwrought, (not alloyed) to Netherlands, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $743,420 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dem. People's Rep. of Korea-Netherlands Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $743.42 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Dem. People's Rep. of Korea maintains a deficit of $743.42 thousand
- Export Focus: Dem. People's Rep. of Korea's primary exports include aluminium: unwrought, (not alloyed), chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares, plastics: plates, sheets, film, foil and strip (not self-adhesive), of polymers of ethylene, non-cellular and not reinforced, laminated, supported or similarly combined with other materials
- Import Dependencies: Key imports from Netherlands include dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04, medicaments: containing hormones (excluding insulin), (but not containing antibiotics), for therapeutic or prophylactic uses, not packaged for retail sale, malt: roasted
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $743,420 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Dem. People's Rep. of Korea leveraging its comparative advantages in aluminium: unwrought, (not alloyed).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Dem. People's Rep. of Korea's specialization in aluminium: unwrought, (not alloyed)complements Netherlands's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $743,420 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $743,420 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $743.42 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in aluminium: unwrought, (not alloyed) and dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dem. People's Rep. of Korea's trade deficit of $743.42 thousand impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Dem. People's Rep. of Korea and Netherlands represents a total trade volume of $743.42 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Dem. People's Rep. of Korea, with imports exceeding exportsby $743.42 thousand.
Export Strengths
Dem. People's Rep. of Korea's exports to Netherlands total $0.00, with competitive advantages in aluminium: unwrought, (not alloyed), representing $515,631 orInfinity% of bilateral exports.
Import Dependencies
Imports from Netherlands amount to $743.42 thousand, highlighting economic interdependence in dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04, with Dairy produce: natural milk constituents (excluding whey), whether or not containing added sugar or other sweetening matter, n.e.c. in chapter 04 comprising51.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dem. People's Rep. of Korea's strategic sourcing from Netherlands. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Dem. People's Rep. of Korea and Netherlands in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023