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China-North Korea trade surges, but still below 2019 level NHK

Trade between China and North Korea surged in 2022 as the countries reopened their bilateral shipping routes. The figure more than tripled from the year before, but it still remains at about 40 percent of what it was before the pandemic.

Chinese authorities said on Thursday that total shipments between the two countries were worth over one billion and 27 million dollars.

Freight train services between the nations resumed last year after being suspended in 2020 due to the pandemic.

The increase in trade volume is believed to have been largely the result of North Korea's expanded imports.

The amount still remains far below pre-pandemic levels. It remains to be seen whether trade will fully recover as infections surge in China and North Korea continues with its restrictions.
Summary
Trade between China and North Korea saw a significant increase in 2022, following the reopening of bilateral shipping routes. The total shipments were over one billion and 27 million dollars. The surge in trade volume was attributed to North Korea's expanded imports, although it still remains at
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ID: 6737701d-69bf-4406-a648-1b5eff843385

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20230119_27/

Date: Jan. 19, 2023

Created: 2023/01/19 16:04

Updated: 2025/12/09 08:42

Last Read: 2023/01/25 17:31