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Bilateral trade volume between North Korea and China in October increased by 268% year-on-year

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Yonhap News Agency, Shenyang, November 18. According to news from the General Administration of Customs of China on the 18th, the trade volume between North Korea and China in October was 153.86 million US dollars, an increase of 48% from the previous month and 268% from the same period last year. This may be due to the restart of freight trains to and from North Korea and China.

North Korea’s imports from China amounted to US$132.43 million, an increase of 47% from the previous month and 233% from the same period last year. North Korea's exports to China amounted to US$21.43 million, an increase of 51% from the previous month and 971% from the same period last year. The trade volume between North Korea and China has maintained a year-on-year growth trend for four consecutive months since July.

According to analysis, as the epidemic situation in North Korea has stabilized, North Korea has expanded its trade with China through sea routes. In addition, the freight train between Dandong, China and Sinuiju, North Korea has restarted on September 26, which has promoted the year-on-year and month-on-month increase in the trade volume between the two sides in October. After the train was suspended on April 28 this year due to the epidemic, it resumed operation on September 26 after 150 days. (Finish)

[Copyright belongs to Yonhap News Agency, unauthorized reproduction is strictly prohibited]

The news is published by EMEA Tribune & Yonhap News Agency210520-twitter-verified-cs-70cdee.jpg (1500×750)

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