China’s trade with North Korea edges up in November


China's trade with North Korea reached $ 388 million in November, but it has remained near its lowest level this year, according to data released on Saturday, while stiff sanctions continue slow down business with his isolated neighbor.

The total is up 15.9% from $ 334.89 million in October, but significantly lower at $ 613.2 million a year ago, according to data released by the US government. General Administration of Customs of China.

While data show a monthly recovery, trade between China and North Korea has slowed since the latest UN sanctions came into effect on September 5, prohibiting Pyongyang from selling coal, oil and gas. iron ore and lead.

The world's second-largest economy bought goods valued at $ 100.18 million in North Korea last month, up from $ 90.75 million in October, but down from $ 262.2 million dollars a year ago.

October was the lowest of the Chinese government's records dating back to January 2014.

Exports totaled $ 287.84 million in November, compared with $ 244.2 million in October.

Trade between the two countries has slowed this year, especially after China banned coal purchases in February. But the pace of the downturn has accelerated while the latest brakes have hurt Pyongyang's ability to sell some essential products to one of its major trading partners.

The UN estimates that the latest ban, imposed after its two intercontinental ballistic missile tests in July, would reduce by one third the annual export earnings of $ 3 billion from South Korea. North.

On Friday, the UN Security Council imposed new sanctions on North Korea for its intercontinental ballistic missile test to limit its access to refined petroleum products and crude oil as well as its revenues from workers abroad.

A more detailed breakdown of trade by product will be released on Monday.



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