Business
18:01, 15-Aug-2017
Sanctions may cost DPRK 1.4 billion US dollars in 2017
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The DPRK is likely to lose 1.4 billion US dollars of trade revenues in 2017 due to global sanctions on its nuclear program.
The country’s closest trading partner, China, has also suspended part of its trading with the DPRK.
Trade between the two countries is growing but the pace of growth has eased significantly. In the first five months, bilateral trade went up 14 percent from a year ago, much slower than the 37 percent in the first quarter, despite robust exports from China to the DPRK in April and May that raised eyebrows in Washington.
The DPRK is dependent on China's coal imports. Following the sanctions being imposed, China has not bought any coal from the DPRK since February. But there has been no trade data for crude between China and the DPRK since 2013.
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