The Daily NK covers the release of KIEP’s analysis of North Korea’s external trade in 2007. I cannot find the report in English, so I have to take the Daily NK’s word for it–insert caveat here.
Here are the highlights:
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The estimated total value of North Korea’s foreign trade decreased from US$2.996 billion 2006 to US$2.7 billion in 2007.
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China occupies 70% of the trade volume, up from 56.7 in 2006 (a startling increase).
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Trade with Japan fell to US$900,000, a decrease of 92% from 2006 (so it appears that some Chinese are getting rich from international trade restrictions).
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Trade with Thailand fell 42.4% since the nuclear test.
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Trade with the EU fell by 53.2% since the nuclear test.
To be honest I do not trust these numbers, so if someone comes across the KIEP report in English, please send it to me.
According to the Daily NK, the KIEP report is called: “Economic Prospect of North Korea in 2008” by Cho Myung Chul and Hong Ihk Pyo
The full story can be read here:
North Korea’s Economic Prospect for 2008
Daily NK
Yang Jung A
3/3/2008
