North Korea exported to China nearly $150 million garments in the current quarter
Almaty. August 21. Silkroadnews – North Korea exported to China nearly $150 million garments in the current quarter, the newspaper South China Morning Post reported.
“Clothing overtook coal to become the main North Korean export to China in second quarter after the United Nations Security Council slapped sanctions on Pyongyang, China Customs data shows”, the publication reads.
It is noted that of the US$385.2 million of goods China imported from North Korea in the quarter, 38 per cent, or US$147.5 million, consisted of garments. Compared with the US$147.5 million worth of garments North Korea exported to China in the second quarter, the figure was lower at US$120 million in the three months earlier, accounting for about 24 per cent of total exports to China. At the same time, China exported US$35 million in clothing to North Korea.
Over the same period and prior to the sanctions introduced China reported on US$68 million seafood import from North Korea.
Also, in the first three months of the year, Pyongyang exported 2.7 million tonnes of coal to China to the amount of US$220.6 million, which is 43% of the total exports of the DPRK. This reading was reduced to zero in the next quarter, as in February China it stops all coal imports from North Korea for the rest of the year, depriving Pyongyang of a source of income from abroad. In addition, because of the sanctions imposed by the United States, the export of seafood, iron and iron ore from the DPRK was halted as well.