News North Korea’s trade with China is in freefall, rapidly approaching zero: CustomsNo food or medicine imports, only electricity and textiles likely destined for re-export as clothes Correction at 21:oo KST (Nov. 25): This article has been amended with the correct total of 11 items. The once-booming trade between North Korea and China has crashed to a mere 11 items that crossed over the border in October, with a total value of $1.66 million in imports and exports. Of that, only four items were exported to the DPRK — electricity and textiles — totaling $250,000. The newly-released trade data is a staggering sign of how tightly North Korea has blocked off its border since August 2020. Exports in particular are in rapid freefall, with October’s exports dropping 99% in value © Korea Risk Group. All rights reserved. |