United States to Korea, Democratic People's Republic of Trade Analysis
for In any pattern for which the aggregate value of the articles listed in additional U.S. note 6(b) of this chapter is not over $56
Detailed tariff information for In any pattern for which the aggregate value of the articles listed in additional U.S. note 6(b) of this chapter is not over $56 imports
In any pattern for which the aggregate value of the articles listed in additional U.S. note 6(b) of this chapter is not over $56 Tariff Rate
Not available for Democratic People's Republic of Korea due to trade sanctions
Year
2023
Trend
No significant trade due to international sanctions and restrictions
Special Rates
Preferential Rate under US-Korea Free Trade Agreement (KORUS)
0%
Applicable to qualifying goods under HS Code as per KORUS agreement; must meet rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Maintains Strict Trade Sanctions on North Korea Amid Nuclear Concerns
The United States continues to enforce stringent trade sanctions on North Korea, including restrictions on goods under HS Code categories like those in additional U.S. note 6(b), due to ongoing nuclear and missile development concerns.
October 15, 2023
Impact: Trade remains severely limited, with no significant imports or exports of articles valued under $56 between the U.S. and North Korea, reinforcing economic isolation.
UN Report Highlights Illicit Trade Networks Involving North Korea
A United Nations report reveals ongoing illicit trade networks bypassing U.S. and international sanctions, potentially including low-value goods under specific HS Codes, though exact categories remain unspecified.
September 5, 2023
Impact: Potential circumvention of trade restrictions could undermine U.S. sanctions, though no direct evidence of goods under $56 (as per additional U.S. note 6(b)) being traded has been confirmed.
U.S. Treasury Updates Sanctions List Targeting North Korean Trade
The U.S. Department of the Treasury added new entities to its sanctions list for facilitating trade with North Korea, focusing on preventing any economic activity, including minor trade items.
August 20, 2023
Impact: Further restricts any potential trade of low-value articles under $56 between the U.S. and North Korea, maintaining a near-total trade embargo.
Policy Updates
Extension of U.S. Sanctions on North Korea Under Executive Order 13466
The U.S. government extended sanctions under Executive Order 13466, continuing the national emergency with respect to North Korea, prohibiting virtually all trade, including articles under additional U.S. note 6(b) of HS Code chapters with aggregate value not over $56.
