DPRK 2010 trade stats

According to the BBC:

But the UN Conference on Trade and Development estimates that foreign direct investment in 2010 was $38m (£24m; 29m euros) and that the total amount invested in North Korea over the past few decades comes to $1.475bn (£940m; 1.13bn euros).

Most of that comes from China.

China doesn’t publish details of its economic relationship with North Korea, but the Bank of Korea estimates trade between the two Communist nations has been steadily rising, and reached $3.5bn (£2.2bn / 2.7bn euros) in 2010.

South Korea, meanwhile, has set up the Gaesong Industrial Complex with its northern neighbour, which now employs 50,000 people and contributed heavily to $1.7bn (£1.1bn / 1.3bn euros) of trade between the two Koreas last year.

Read the full story here:
Made in North Korea: Business in a ‘communist monarchy’
Lucy Williamson


Comments are closed.