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North Korean-Chinese trade nearly triples
Source: AFP |
December 28, 2012, Friday
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NORTH Korea's trade with China has nearly tripled since 2007, data published by South Korea showed yesterday.
Bilateral trade jumped from US$1.97 billion in 2007 to US$5.6 billion last year, Statistics Korea said, with North Korean exports accounting for US$2.44 billion against imports from China of US$3.16 billion.
Statistics Korea releases the annual data based on figures from trade and economic organizations at home and abroad. North Korea does not report economic data.
Trade with China as of last year accounted for 70.1 percent of North Korea's entire trade of US$8.0 billion, up from 41.7 percent in 2007.
During the same period, trade with South Korea - North Korea's second-biggest partner - fell from US$1.79 billion to US$1.71 billion.
Bilateral trade jumped from US$1.97 billion in 2007 to US$5.6 billion last year, Statistics Korea said, with North Korean exports accounting for US$2.44 billion against imports from China of US$3.16 billion.
Statistics Korea releases the annual data based on figures from trade and economic organizations at home and abroad. North Korea does not report economic data.
Trade with China as of last year accounted for 70.1 percent of North Korea's entire trade of US$8.0 billion, up from 41.7 percent in 2007.
During the same period, trade with South Korea - North Korea's second-biggest partner - fell from US$1.79 billion to US$1.71 billion.
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