Analysis N.Korean trade with China down in Q1Falling trade values could be due to cheaper coal; fertilizer and rice imports also drop North Korean trade with its largest commercial partner China fell by 13 percent from the same three-month period last year, according to figures published today by the Korea International Trade Association (KITA). Trade between the two countries was valued at $1.1 billion from January to March this year, down from $1.27 billion in 2014. Beijing’s imports from the DPRK showed the largest drop in value, falling 9.8 percent to $545 million over the three-month period. While South Korean media reported the news could be indicative of less trade activity between the two countries arising from a cooler political © Korea Risk Group. All rights reserved. |