Total trade amount reached US$850 million in the
first half of 2000 according to preliminary
figures estimate that North Korea's total trade
amount for the first half of 2000 balances at
US$849.72 million - 27.6% up from the same period
of the previous year. Of the total trade amount,
exports increased by 16.5% up from the same period
of the previous year to reach a balance of
US$268.82 million, while imports showed at 33.5%
increase at US$580.91 million.
these figures demonstrate an increasing trend.
Export was led by aquatic products (US$44.7
million, 35.3% increase), processed clothing
(US$32.07 million, 30.3% increase), electronic
products (US$12.09 million, 37.5% increase), and
articles of iron or steel (US$5.92 million, 1240%
increase) to Japan along with petroleum oil
(US$7.78 million) exports to Thailand.
shows that aquatic products - which recorded the
highest export expansion last year - are still
strong, and the increase of object manufacturing
centering around processed production and the
heavy chemical industry led the export expansion.
increase, meanwhile, was led by food assistance
from Japan (US$18.38 million), grant-type aid from
China (US$9.53 million including 34,563-tons of
soybeans and 23,000-tons of coking coals),
increased import of vehicles from Japan (US$22.03
million, 81.7% increase), raw materials for
processed electronic products (US$13.93 million,
40% increase), and an increased import of vehicles
from Hong Kong.
regard to the import structure, North Korea is
making efforts to normalize its industry by
maintaining food assistance from international
societies and expanding imports of energy
resources, capital goods and raw and subsidiary
ranked first as a trading partner with North Korea
as China's role was diminished. This phenomenon
was largely due to the resumption of Japan's
grant-type aid toward North Korea and an expansion
in processed production including electric
products and clothing etc. Although China is still
playing an important role as a base for food and
energy, North Korea's reliance on China as a
trading country is gradually reducing.
trading partners include Thailand, India, Hong
Kong, Russia, and Singapore by the order of
relative trading amounts. It is worth special
mention that Thailand emerged as one of the main
countries for North Korea's exports.