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Reuters Chinese: China’s Imports from North Korea Dropped over 30 Percent in May

Reuters Chinese recently reported that, based on data that the China General Administration of Customs just released, China’s imports from North Korea in May were valued at US$123.8 million. This was a 31 percent decline, year-over-year. The lowest import level from North Korea was in April, reaching US$99.3 million. March was the second lowest. The custom’s data showed that China’s halt to the importation of North Korean coal in February significantly limited North Korea’s capability of obtaining enough hard currency. The same data also showed China’s exports to North Korean totaled at US$319.8 million in May, which was a two-digit percentage increase, year-over-year. Also, the May export level was higher than April’s.

Source: Reuters Chinese, June 23, 2017