North Korea’s trading activity hit its lowest level in over three decades last year due to sanctions and COVID-19 control measures, according to a new report from a South Korean state-funded agency.
The Korea Trade-Investment Promotion Agency (KOTRA) stated that North Korean trade volume shrunk to $863 million in 2020. That is the lowest since the agency began to record the figure in 1990 and around a quarter of the 2019 trade volume.
North Korea’s trading activity hit its lowest level in over three decades last year due to sanctions and COVID-19 control measures, according to a new report from a South Korean state-funded agency.
The Korea Trade-Investment Promotion Agency (KOTRA) stated that North Korean trade volume shrunk to $863 million in 2020. That is the lowest since the agency began to record the figure in 1990 and around a quarter of the 2019 trade volume.
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