China-North Korea trade drops on sanctions, lack of foreign currency

By 최희석

Published : Aug 25, 2016 - 09:30
Updated : Aug 25, 2016 - 09:30

[THE INVESTOR] China’s exports to North Korea showed the largest on-year drop in July, Korea International Trade Association said Aug. 24.

According to KITA, China’s exports to North Korea came to US$193 million in July, plunging 27.6 percent from the same month last year. Last month’s decrease is the biggest drop in China’s exports to North Korea this year. 

North Korea's leader Kim Jung-un



Along with exports, China’s imports from North Korea also dropped by 5 percent from a year ago to come in at US$227 million, the data showed.

KITA attributed the changes to China’s sanctions against Pyongyang, and to North Korea’s dwindling foreign reserves.

China has been limiting trade with North Korea since April.

By Choi He-suk (cheesuk@heraldcorp.com)

MOST POPULAR

More articles by this writer Back to List
Go to Desktop Version
twitter facebook youtube

The Korea Herald by Herald Corporation