N. Korea‘s imports of chemicals plunge in 2016
[THE INVESTOR] North Korea’s imports of gunpowder and other chemical products plunged last year from a year earlier, data showed on Dec. 16.
According to the data released by Korea Statistics, a total of US$51,000 worth of gunpowder and chemicals were imported to North Korea in 2016, down 46.3 percent from $95,000 a year ago. The figure peaked at $121,000 in 2014.
Imports of aircraft and aircraft components also dived to $117,000 last year from the previous year’s $22.96 million.
On the other hand, the data showed that North Korea imported $260.6 million worth of foreign vehicles and auto parts last year, up from $197.87 million in 2015, while $112.93 million worth of steel edged up to $115.76 million over the same period.
Its imports of coffee, tea and spices gained $21.75 million in 2016, up from $18.4 million.
Meanwhile, trade between North Korea and China gained ground last year despite international sanctions.
North Korea‘s imports from China rose to $3.42 billion in 2016 from $3.23 billion in 2015, while the country exported $2.63 billion to its ally last year, up from $2.48 billion.
By Park Ga-young and newswires (firstname.lastname@example.org)