north koreas trade volume drops 18 in 2015
Last Updated : GMT 10:30:02
Arab Today, arab today
Arab Today, arab today

North Korea's Trade Volume Drops 18% in 2015

Arab Today, arab today

Arab Today, arab today North Korea's Trade Volume Drops 18% in 2015

North Korea's trade volume sank 18% last year
Seoul - QNA

North Korea's trade volume sank 18% last year from a year earlier, ending five years of straight growth, due largely to a drop in the prices of its key trading items such as coal and overall shipments, a South Korean trade agency said Wednesday.

    The North's overall trade volume came to US$6.25 billion in 2015, compared with $7.61 billion the previous year, according to the state-run Korea Trade-Investment Promotion Agency (KOTRA). The reclusive country's outbound shipments fell 15% on-year to reach $2.7 billion, while imports also dropped 30% to $3.55 billion over the cited period, the data compiled by the agency showed. 

    Consequently, the communist state's trade deficit reached $850 million last year, narrowing 33% from the previous year, according to South Korea's (Yonhap) News Agency. The North's trade volume has been on a rising path since 2009 reaching an all-time high of $7.61 billion in 2014. 

    But a drop in prices of key trade items such as coal, coupled with a slowdown in China -- its strongest ally -- led to a decline in overall trade volume, KOTRA said. Bilateral trade volume between North Korea and China came to $5.71 billion last year, down 16.8% from a year earlier, The figure accounted for 91.3% of the North's overall trade in 2015, slightly higher than the previous year's 90.1%.

    North Korea's dependence on China for trade has been increasing steadily since 2005 when its trade volume with China exceeded 50% of its overall trade. Russia, another North Korean ally, was the country's second-largest trading partner in 2015, with bilateral trade volume reaching $84 million, followed by India with $77 million and Thailand with $50 million. 

    The North's largest export item was fuel such as coal, the shipments of which dropped 8.1% to $1.08 billion. The item accounted for 40.2% of its overall exports, the data showed. Exports of clothing rose 5.5% on-year to $800 million, with its portion in the North's entire export rising to 29.7% from 24.1% in 2014. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

north koreas trade volume drops 18 in 2015 north koreas trade volume drops 18 in 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

north koreas trade volume drops 18 in 2015 north koreas trade volume drops 18 in 2015

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday