News North Korea imports $2M in alcohol from China, exports huge sum of tungstenExpert calls August trade figures a ‘promising sign’ for Pyongyang as country rebounds from mass COVID outbreak North Korea exported a huge quantity of tungsten ore to China in August, Chinese customs data shows, while apparently splurging on alcohol imports for the first time since the COVID-19 pandemic began. The sudden export of $11.6 million worth of tungsten and concentrates explains the North’s sudden rise in exports to $18.8 million in August, the highest level since early 2020. It also underscores warnings from analysts that the country’s extremely low trade levels mean even a single, large shipment can warp official trade figures. “What we see is a rebound in exports to China, which © Korea Risk Group. All rights reserved. |