China-North Korea trade falls to near four-year low in January as sanctions bite
Trade between China and North Korea totalled US$215.97 million in January, down 52 per cent from the year-earlier period, Chinese customs data shows
China’s January trade with North Korea fell to the lowest level since at least June 2014, the latest sign that China has kept up pressure on its isolated neighbour in line with United Nations trade sanctions.
China remains North Korea’s largest trading partner and sole major ally, although overall trade has fallen in recent months as the sanctions take effect.
Trade between China and North Korea totalled US$215.97 million in January, down 52 per cent from the year-earlier period and 31 per cent month on month, final trade numbers from the General Administration of Customs showed on Friday.
China’s exports to North Korea totalled US$168.88 million in January compared with US$257.73 million in December, while imports from North Korea were US$47.09 million versus US$54.68 million in December.
Data due to be released by China on Saturday will provide further detail on imports and exports of specific products to and from North Korea, shedding more light on which shipments were affected.