News N. Korean imports from India drop by 70%Fuel, other hydrocarbons behind the 2014 drop, balance of trade with India becomes positive for first time North Korean imports from India, one of its largest trade partners, fell by nearly 70 percent in 2014, according to data from the International Trade Center (ITC) Database. Although most countries lag behind Chinese and South Korean trade totals, the decrease means India has dropped down from being North Korea’s third-largest exporter to fifth. The decrease is mainly accounted for by a large drop off in organic chemical exports, specifically xylene, which is a hydrocarbon with a wide variety of uses in industrial and laboratory settings. Also playing a part was a big reduction © Korea Risk Group. All rights reserved. |