North Korea’s economic dependence on China reached new heights in 2023: Report



News North Korea’s economic dependence on China reached new heights in 2023: Report KOTRA analysis finds China accounted for 98.3% of DPRK trade, but does not factor in illicit arms sales to Russia Anton Sokolin July 22, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Chinese flag by the Yalu River on June 17, 2016 \| Image: NK News North Korea’s dependence on its main economic benefactor China rose to a record high last year on the back of expanding commercial exchanges, according to a new report, even as Pyongyang made high-profile efforts to boost ties with Russia. China accounted for 98.3% of the DPRK’s official trade with the outside world in 2023, up from 96.7% the year before, the Seoul-based Korea Trade Promotion Corporation (KOTRA) assessed in the report on Sunday. North Korea’s dependence on its main economic benefactor China rose to a record high last year on the back of expanding commercial exchanges, according to a new report, even as Pyongyang made high-profile efforts to boost ties with Russia. China accounted for 98.3% of the DPRK’s official trade with the outside world in 2023, up from 96.7% the year before, the Seoul-based Korea Trade Promotion Corporation (KOTRA) assessed in the report on Sunday. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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North Korea’s economic dependence on China reached new heights in 2023: Report

KOTRA analysis finds China accounted for 98.3% of DPRK trade, but does not factor in illicit arms sales to Russia

Anton Sokolin July 22, 2024

North Korea’s economic dependence on China reached new heights in 2023: Report

Chinese flag by the Yalu River on June 17, 2016 | Image: NK News

North Korea’s dependence on its main economic benefactor China rose to a record high last year on the back of expanding commercial exchanges, according to a new report, even as Pyongyang made high-profile efforts to boost ties with Russia.

China accounted for 98.3% of the DPRK’s official trade with the outside world in 2023, up from 96.7% the year before, the Seoul-based Korea Trade Promotion Corporation (KOTRA) assessed in the report on Sunday.