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[Graphic News] N. Korea’s trade reliance on China hit 10-year high in 2022By Nam Kyung-don
Published : Aug. 17, 2023 - 08:01
North Korea’s dependency on China for foreign trade hit its highest level in 2022 since leader Kim Jong-un took the helm of the reclusive country 10 years earlier, a report showed.
Pyongyang’s trade with Beijing came to $1.53 billion last year, up about 125 percent from the previous year, according to the report from the Korea Trade-Investment Promotion Agency.
The amount took up 96.7 percent of North Korea’s overall trade, up from 95.6 percent a year earlier.
Exports stood at $134 million and imports reached $1.39 billion, with its trade deficit rising to $1.27 billion from a $565 million shortfall.
The jump in North Korea’s trade with its top trading partner was attributed to softened COVID-19 restrictions and increased railroad trade between the neighbors. (Yonhap)
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