black-market vs smuggled

black-market and smuggled both are adjectives.

Word	Noun	Adjective	Verb	Adverb
black-market	No	Yes	No	No
smuggled	No	Yes	No	No

As adjectives, black-market and smuggled are synonyms defined as:

Other synonyms of black-market include black, bootleg, contraband.

black-market (adjective)	smuggled (adjective)
distributed or sold illicitly	distributed or sold illicitly