Increase in DPRK’s Mineral Resources Exports to China Expected Again for This Year

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Increase in DPRK’s Mineral Resources Exports to China Expected Again for This Year

  • 저자

    NK Brief
  • 발간일

    2011-02-24
  • 조회수

    5,644
요약 내용

The trade volume between North Korea and China has steadily increased, reaching its record high of USD 3.4 billion in 2010. Total exports amounted to 1.19 billion USD while imports doubled that figure to USD 2.22 billion. Imports have continued to grow, increasing by 2.4 times over the previous year.Since the Cheonan incident and the implementation of May 24 sanctions, inter-Korean economic cooperation has come to a halt, naturally resulting in rise in exports to China. In particular, a significant growth in anthracites exports was observed. The monthly anthracites exports that averaged around USD 10 million surpassed USD 70 million mark last August and maintained USD 50 million monthly average between September to Nove

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