North Koreas trade with China accounted for 96.7% of foreign trade Kim Jong -un.

A report from South Korea shows that the proportion of trade with China in North Korea's foreign trade has increased from 95.6%in 2021 to 96.7%in 2022, setting the highest record since Kim Jong -un ruling.

According to the Yonhap News Agency, the Korean Foreign Trade Action Report, which was released on Thursday (July 20), released on Thursday (July 20), showed that last year, the bilateral trade volume of North Korea increased by 124.8%year -on -year, which was1.5324.9 billion US dollars (about S $ 20.28 billion).

Among them, North Korea exported US $ 1336.6 million to China and imported 1.39883 billion US dollars from China.The trade deficit with China has increased sharply from US $ 5654.4 million in 2021 to $ 1.2651.7 billion last year.

China, Vietnam, Argentina, Nigeria, and the Netherlands are the five major trading partners of North Korea in order.In addition to China, which accounts for 96.7%of the largest trading partner, China and 1%of the second largest partner Vietnam, the sum of the amount of bilateral trade between the remaining countries and North Korea accounted for only 2.3%.Last year, North Korea's foreign trade volume was US $ 1.5856.1 billion, an increase of 122.3%year -on -year.

A person in charge of Kotra pointed out that North Korea's foreign trade scale has not yet returned to the level before the epidemic, and the dependence of trade in China is getting higher and higher, and it is necessary to continue to pay attention.In the first five months of this year, the bilateral trade volume of North Korea reached 2.7 times the same period last year. It is expected that North Korea ’s foreign trade scale will continue to increase throughout the year. Whether North Korea will reopen the border in the future will become an important variable.