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INTERNATIONAL > East Asia & Pacific

North Korean trade with China continues to shrink, dropping 84%

SHIN WATANABE, Nikkei staff writer

 

DALIAN, China — North Korea’s trade with China dropped 84% to $65.72 million in the first six months of the year, statistics released by Beijing on Sunday show, as precautions taken to combat the coronavirus pandemic halted the flow of people and goods from China.

 

The figure, from China’s General Administration of Customs, also is down 95% from the same period in 2019, before the pandemic took root.

 

China accounts for more than 90% of North Korea’s external trade. The value of such transactions in June was just $14.13 million, sliding 85% on the year. Trade in many months has languished under $20 million since fall 2020, after topping $200 million every month in 2019.

 

Ship transport between the two countries is partially operating, but “trade is at a standstill,” a trading company in the Chinese city of Dandong said. Exports of processed goods from North Korea to China, which were thriving before the pandemic, also have been halted.

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