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Leo Byrne
Leo Byrne was the Data and Analytic Director at NK News. Follow him on twitter.
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News N. Korea resumes imports of Swiss watchesSwiss trade shows DPRK watch imports resumed after one-year hiatus, coincides with opening of new airport terminal
North Korean imports of Swiss watches rebounded to their highest levels in years in the first six months of 2015, according to official figures from the ITC Trade Map. Swiss exports of the luxury items dropped to zero for the whole of 2014, however have since rebounded to nearly $80,000 since the start of the year. The export coincides with the opening of Pyongyang’s new airport terminal, where watches from Switzerland appear to be on sale. “Air Koryo watches (for man) – Swiss made – price: (US$220) – they said it is a joint venture product with Swiss company – © Korea Risk Group. All rights reserved. |