North Korea’s Trade with China Sees Significant Increase in Early 2023
North Korea’s trade with China surged in January and February 2023, totaling around $222.5 million in January and nearly $122 million in February. This rise signifies strong imports and one of the best export months since 2018, exceeding trade figures from the same months in 2024, as per China’s Customs data.
In the first two months of this year, North Korea experienced a notable increase in trade with China. According to official data, this surge was attributed to robust imports as well as one of the most successful months for exports since 2018.
The Democratic People’s Republic of Korea (DPRK) reported a total trade volume of approximately $222.5 million with China in January and close to $122 million in February. These figures are significantly higher compared to $190 million and $121 million recorded in the corresponding months of last year, as reported by China’s General Administration of Customs.
This significant uptick in trade reflects North Korea’s ongoing economic activities and its reliance on China, its primary commercial partner. The increase in exports marks an encouraging trend for North Korea, especially following years of economic sanctions.
The trade relationship between North Korea and China demonstrated a positive shift in early 2023, with increased trade volumes for both imports and exports. The reported figures indicate a promising start to the year, contrasting with earlier trading periods. Overall, this trend underscores the significance of China’s role in North Korea’s economy.
Original Source: www.nknews.org
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