By Benjamin Katzeff Silberstein
Note that the cause given here is not a fall in trade volume — trade in minerals jumped 35 percent in volume terms — but falling commodity prices.
BEIJING, Feb. 25 (Yonhap) — Trade between North Korea and its economic lifeline, China, fell 1.2 percent on-year in January, data showed Thursday, indicating that their trade was largely unaffected by the North’s latest nuclear test.
Bilateral trade volume declined to US$388 million last month, compared with $398 million for the same period last year, the Beijing unit of South’s Korea Trade and Investment Promotion Agency said, citing Chinese customs data.
China’s imports of North Korean goods slipped 3.96 percent in January to $177 million, the data showed.
North Korea’s exports of mineral resources, including coal, to China fell 3.94 percent last month to $76.9 million, but the volume of mineral exports jumped 35 percent to 1.66 million tons for the month.
The figures showed that North Korea also felt the pinch of lower commodity prices.
Full article here:
N. Korea’s trade with China falls 1.2 pct in January
Yonhap News
2016-02-25
