As sanctions loom, North Korean coal exports surge
Revenue gains can be attributed to increase in global coal prices
DPRK traders made more money selling in coal in November than in any other month in 2016, with revenues hitting highs not seen for over three years, Chinese customs data compiled by the Korea International Trade Association (KITA) shows.
But North Korean coal miners and exporters were not moving volumes of coal significantly above average monthly DPRK exports: the North’s trade revenues benefited from a sharp uptick in the commodity’s price.
The DPRK struggled to maintain its coal revenues in the face of falling prices, which hit a record low in January 2016.[p
- 01What North Korea’s official budget reveals about its spending priorities in 2024
- 02How North Korean aggression and the Taiwan election complicate China-DPRK ties
- 03Satellite imagery shows Kim Jong Un’s east coast yacht, missile test activities
- 04State media review: North Korean festivals build up to former leader’s birthday
- 05Survey shows markets reign supreme in the daily lives of North Koreans
- 06What to make of North Korea’s apparent interest in naval nuclear propulsion
- 07How North Korean defectors shape the policies of countries where they settle
- 08Slump in life insurance sector points to unreported COVID deaths in North Korea