November 26, 2022

North Korea’s external trade reaches record high – Report

But trickle-down effects likely to be small, according to expert

North Korea's external trade volume reached a record high of U.S. $7.34 billion dollars in 2013, Business Korea reported on Thursday, citing a report published on Wednesday by the Korea Trade-Investment Promotion Agency (KOTRA).

The figure amounts to an increase of 7.8 percent from the previous year, and is attributed to increased exports of coal, iron ore, copper and aluminium, as well as textile and clothing goods. Imports of electricity, transportation machinery and grains make up the bulk of import increases, the report added.