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SAT, 2014-11-01  KST

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North Korea's overall trade hits record high in 2013

Updated: 2014-05-22 22:18:37 KST
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While the rest of the world has slammed the door on trade with North Korea for its on-going nuclear threats,.. China is going the other way.
South Korea's state-run trade agency says total overall trade amounted to an all time high of seven.three billion U.S. dollars last year.
Most of that was from China.
Dependence on its only remaining ally has been growing since 2005, making up nearly 90-percent of North Korea's trade across borders as of 2013.
Beijing joined international efforts to further isolate Pyongyang following its nuclear test in February last year by strengthening trade restrictions, but evidently to not much effect.
Exports mostly consisted of coal and mineral resources, imports, of electric equipment and grains.
Russia is also rising as a close trade partner as well,.. with trade between the two countries up 37-percent last year.
This is mostly due to a spike in imports of materials needed for the Rason-Khasan project which is a railway connecting North Korea and Russia.
There was no record of trade with Japan and just humanitarian aid records from the U.S. last year.
Yoo Li-an, Arirang News.


Reporter : Lian.yoo@arirang.co.kr

Comments

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bartektodde (USA) 2014-05-23    

I'm sure all of this trade was without Free Trade Agreements (FTA).

fatboyme (USA) 2014-05-23    

Wow,good for them.