North Korea Continues To Trade Deficit

According to the Yonhap news agency, the statistics released by the census and statistics department in 2015 showed that since the Kim Jeong-eun administration, the import volume of the DPRK has continued to rise, and the import growth is greater than the export growth.

The deficit continued.

Reported that China is

The largest trading partner, China's trade accounted for 90% of the total trade.

Russia, India, Thailand and Singapore followed.

Last year, bilateral trade between the DPRK and the US amounted to US $24 million. Only the US exported to North Korea, and the export to the DPRK was mainly provided by US civilian institutions.

According to the report, in 2011,

The amount amounted to $3 billion 500 million, which was $3 billion 900 million in 2012, and $4 billion 100 million in 2013, and increased to $4 billion 400 million in 2014.

In terms of exports, exports amounted to US $2 billion 700 million in 2011, and US $2 billion 800 million in 2012, and increased to US $3 billion 200 million in 2013, a slight decrease of 1.7% in 2014, to US $3 billion 100 million.

Related links:

South Korea's Ministry of industry and Commerce Resources announced the "import and export trends in 2015 (December and full year) and the 2016 import and export outlook" report that the total export volume of South Korea to (2015) was US $527 billion 200 million, a decrease of 7.9% compared with the previous (2014) year, and the import volume of US $436 billion 800 million, which was also significantly reduced by 16.9% compared with the previous (2014) year. The trade surplus was US $90 billion 400 million, and a new record higher than before (2014) years. The annual import and export volume is the provisional value of Customs Statistics for January 1st ~12 31.

South Korea's exports to (2015) year, despite the global downturn in the global downturn, the decline in oil prices and the reduction of global trading volume, declined with the impact of structural changes on the import structure of China's mainland and the increase of Korean enterprises in overseas production, but the export volume continued to increase in the global ranking and ranked the sixth place in the world in 2014.

On the other hand, although imports of capital and consumer goods increased, oil prices fell sharply, resulting in a significant reduction in imports of raw materials, and overall imports continued to decline.

In 2015, the 13 largest export items in South Korea (the Provisional Statistics for customs clearance from January 1st to December 31st) increased 10%, 0.5% and 0.3% respectively, except for the export of wireless communications machinery, semiconductors and ships. Exports of computers, general machinery, automobile parts, automobiles, flat displays, textiles, iron and steel products, household appliances, petrochemicals and petroleum products declined by 1%, 3.2%, 4.1%, 6.4%, 8.1%, 10.3%, 15%, 15%, 15% and 10.3% respectively.

The main export areas (provisional values of customs statistics from January 1st to December 20th): exports to Vietnam, including the US, mainland China, the European Union (EU), the ASEAN (ASEAN), the Middle East, central and South America and Japan, have declined by 0.6%, 5.6%, 6.9%, 11.4%, 12.4%, 14.6% and 20.4%, respectively, in addition to the 24.3% increase in exports to Vietnam.

The import situation in 2015 (the provisional value of customs statistics from January 1st to December 20th), imports of consumer goods increased by 3.3% compared with the previous (2014) year, imports of capital goods increased by 1.2%, and imports of raw materials decreased by 29.6%.

Among them, imports of consumer goods, automobiles and mobile phones increased by 22.6% and 82.5% respectively, while imports of other plastic products and fruit products decreased by 7.4% and 20.9% respectively.

Capital goods projects, memory semiconductors, process controllers, other wireless communication machine parts and aircraft imports increased by 34.7%, 15.7%, 18.1% and 34.2% respectively.

Imports of raw materials, coal, iron and steel products, gas, crude oil and petroleum products declined by 17.8%, 24.9%, 41%, 41.8% and 48.8% respectively.