N.K.-China border trade rose 74%

North Korea's cross-border trade with China soared 74 percent year-on-year to $11.20 million in the first 11 months of last year, the Korea Trade-Investment Promotion Agency said Monday, quoting a report from its office in Dalian, China. In border trade through China's Changbai region, which shares a border with the North, China's exports to North Korea came to $9.01 million and its imports from the North totaled $2.19 million in the reported period. Trade with China accounts for about a third of North Korea's total trade makes up a quarter of all trade. "The increase of border trading between China and North Korea attributes much to the North's loosened sanctions on imported goods coupled with more demands for food and other daily necessities within the nation," a trade promotion agency analyst said.

by staff reporter
January 06, 2003