North Korea’s trade with China declined 80% during 2020

Two-way trade between North Korea and its biggest partner, China, fell 80.7% in 2020 amid the coronavirus pandemic, according to estimates from Seoul’s Korea Trade-Investment Promotion Agency.

Trade activity dropped significantly in February 2020, with two-way trade falling to $10.71 million in the immediate aftermath of the coronavirus epidemic that began in Wuhan, China. North Korea shut its 880-mile border with China as part of its COVID-19 response in January 2020, but trade levels recovered by June to $96.8 million, according to SP News.

Pyongyang has claimed its draconian tactics against the novel coronavirus have paid off and that there are zero COVID-19 patients in the country. North Korea has also ordered vaccines from the COVAX Facility, managed by the World Health Organization.

[UPI]

This entry was posted in China, DPRK Government, Uncategorized by Grant Montgomery.