News Trade between China and North Korea plummeted by 81% in 2020Total official trade in 2020 fell significantly, but Chinese exports modestly rose at the end of the year ![]() Over the last year, official trade between North Korea and China was blatantly falling at a rapid rate. But the real unsolved piece of the puzzle was, ‘By how much?’ According to newly-released official trade data, that answer is now here: Total Chinese-DPRK trade fell by 80.7% year-over-year, according to Dec. 2020 data from the Chinese General Administration of Customs (GAC). Of that, total exports of Chinese goods to North Korea fell by 80.9%, while total imports of North Korean goods into China fell by 77.7%. In 2020, China officially exported a total of $491 million worth of goods to North © Korea Risk Group. All rights reserved. |