中文 | Homepage
Login | Contact Us
Search
loading...
Industrial Updates
International Shipping
Domestic Shipping
Ports
Logistics
International Shipping Center
China Shipping Prosperity Index
Global Port Development
China Shipping & Ports
International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
International Shipping
North Korea-China trade shrinks 15pc, first double-digit decline since 2000
Date:2016-02-08 Readers:

Bilateral trade between North Korea and China declined by 14.8 percent from January to November 2015 compared to the same period a year ago, to US$4.9 billion, according to a report by the Korea Development Institute (KDI) in South Korea.


Research fellow at KDI, Lee Jong-kyu, who authored the report, blamed chilling ties between Pyongyang and Beijing for the decline in imports. He reported the main reason for the decrease in exports was the sluggish shipments of natural resources, reported Voice of America.


Mr Lee said North Korean internal policy might have also contributed to the decline in imports given that leader Kim Jong Un has recently spoken out against North Korea's penchant for foreign goods, advocating the use of domestic goods instead.


Mr Lee said Pyongyang's nuclear test last month was also likely to hurt bilateral trade between the two sides in 2016.


"Beijing might beef up inspections through its maritime customs, which will affect bilateral trade between the two sides for about several months," added Mr Lee.


Back:  Iran Launches New Direct Shipping Line to Oman
Next:  Maersk Line falls into the red in Q4, reports $1.3bn full year profit
China Shipping Database
China Shipping Database
Shipping Market Analysis
 
 
Copyright © 2008-2015 Shanghai International Shipping Institute (SISI) All Rights Reserved. Support by sk-vision & boondns. 沪ICP备05052059号-7