North Korea records $2.2B in trade with China in 2024 following December surge | NK News
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September 18, 2026Sep 18, 2026

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North Korea records $2.2B in trade with China in 2024 following December surge

Total remains below $2.3B in 2023, likely due to deflation in China, but exports hit seven-year high

The value of North Korean-China trade hit $2.2 billion last year, official data shows, finishing on a high note with the strongest month for exchange in December.

But the 2024 total fell short of the $2.3 billion recorded the previous year and the $2.8 billion posted at the pre-pandemic peak in 2019, according to China’s General Administration of Customs (GAC). 

Imports remained the major driver of North Korea’s commercial ties with its northern neighbor, despite a slight overall slump to $1.9 billion from over $2 billion in 2023.

Peter Ward, an expert on the North Korean economy, noted that the