Chinese trade with North Korea bottoms out in December

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As Beijing honors UN-imposed economic sanctions against North Korea, trade with its troublesome neighbor fell 50 percent in December.

North Korea gets nearly all of its goods and energy supplies from China, but the Asian giant has imposed limits on oil sales and cut deeply into Pyongyang’s foreign revenue by ordering North Korean businesses in China to close.

Also, Beijing has ordered North Korean migrant workers to go home and has banned sales of coal, textiles, seafood and other goods to North Korea.

Imports from the North shrank 81.6 percent to $54 million in December while exports to the isolated, impoverished country fell 23.4 percent to $260 million, said a spokesman for the Chinese customs agency, Huang Songping. [source]

It should be noted, however, illegal sales of fuel and other goods have been occurring in international waters between North Korea, Russia and China. That said, these reductions in trade are significant.

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