DPRK imports from Switzerland in 2014

According to Yonhap:

The communist country’s imports of Swiss tobacco machinery components reached US$180,000 in the January-June period, far more than the $24,000 worth of imports recorded for all of 2013, according to the report by the Korea Trade-Investment Promotion Agency (KOTRA).

The latest spike is seen as indicating North Korea’s growing interest in investing in the country’s cigarette industry.

According to a previous KOTRA report, North Korea’s cigarette imports far exceeded its exports last year.

The country imported $65.28 million of tobacco in 2013, about 77.8 times what the country sold overseas, the report showed.

Another academic report showed that the smoking rate among North Korean men aged 15 or more stood at 45.8 percent, while the global average was 31.1 percent.

Meanwhile, the latest KOTRA report said North Korea’s imports of Swiss watches and related watch components fell to zero in the first six months of this year. The country imported $116,000 worth of Swiss watches and related goods for the whole of 2013.

Read the full story here:
N. Korean imports of Swiss tobacco machinery parts jump in H1
Yonhap
2014-10-15

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