N.Korea-China trade hits all-time low amid Covid-19


Seoul, Dec 10 (IANS): North Korea's trade with China hit an all-time low in October due to Pyongyang's border closure with its ally in an effor to stem the spread of the novel coronavirus, a report revealed on Thursday.

Exports and imports between the two countries came to $1.7 million in October, down a whopping 99.4 per cent from a year earlier, Yonhap News Agency quoted the report by the Korea International Trade Association (KITA) as saying.

The October reading was the lowest monthly tally and down 92 per cent from the previous month.

North Korea's exports to its biggest economic partner plunged 91.5 per cent on-year to $1.4 million, with its imports tumbling 99.9 per cent to a mere $300,000.

In the first 10 months of the year, bilateral trade also tanked 76 per cent from a year earlier.

North Korea has maintained its tight border closure with China since earlier this year and has claimed to be coronavirus-free.

The report said North Korea's border closure is expected to last till January.

 

  

Top Stories


Leave a Comment

Title: N.Korea-China trade hits all-time low amid Covid-19



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.