News COVID-19 impacting North Korea-China trade more than 2017 sanctions, report saysTotal trade with China from January to September fell 73% compared to same 2019 period, according to KITA North Korea’s ongoing border lockdown to safeguard against COVID-19 is hitting its economy hard: The total value of DPRK-Chinese trade from January to September dropped by more than 70% compared to the same period last year, and it’s on track to get even worse. In total, North Korea only traded about $530 million worth of goods with China from Jan. 2020 to Sept. 2020 — an exactly 73% drop year-over-year, according to a new Korean-language report from South Korea’s Korea International Trade Association (KITA). This marks a significantly steeper decline than the 57% drop in DPRK-China trade caused by international sanctions © Korea Risk Group. All rights reserved. |