Subscribe free to our newsletters via your
. Military Space News .

N. Korea's China trade nearly triples in four years
by Staff Writers
Seoul (AFP) Dec 27, 2012

North Korea's trade with China has nearly tripled since 2007, data published by South Korea showed Thursday, underlining the isolated state's deepening dependence on its only major ally.

Bilateral trade jumped from $1.97 billion in 2007 to $5.6 billion last year, Statistics Korea said, with North Korean exports accounting for $2.44 billion against imports from China of $3.16 billion.

Statistics Korea releases the annual data based on figures from trade and economic organisations at home and abroad. The North does not report economic data.

Trade with China as of last year accounted for 70.1 percent of the North's entire trade of $8.0 billion, up from 41.7 percent in 2007.

During the same period, trade with South Korea -- the North's second-biggest partner -- fell from $1.79 billion to $1.71 billion.

Cross-border relations have been on ice since outgoing President Lee Myung-Bak, known for his hawkish stance towards the communist North, took office in 2008.

Lee suspended humanitarian aid to the North in 2010 and tied any resumption to progress on resolving the issue of Pyongyang's nuclear programme.

Inter-Korea commerce, which accounted for 38 percent of the North's total trade in 2007, was down to 21 percent last year.

Apparently fearful of the consequences of North Korea collapsing, China has pumped in fuel and aid to its neighbour for years.

The nuclear-armed North is subject to international sanctions imposed after its nuclear tests in 2006 and 2009, and those may be tightened or expanded following it's successful long-range rocket launch earlier this month.

Pyongyang said the launch was a purely scientific mission, but most of the world condemned it as a disguised ballistic missile test that violated existing UN resolutions.


Related Links
Learn about the Superpowers of the 21st Century at
Learn about nuclear weapons doctrine and defense at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Lithuania seeks trial in absentia for Soviet commandos
Vilnius (AFP) Dec 27, 2012
Lithuanian prosecutors said Thursday they would seek to try in absentia two Russian former commandos accused of war crimes in the Baltic state in 1991, as Moscow has refused to hand them over. The prosecution service said it had wrapped up a probe into Boleslav Makutynovich and Vladimir Razvodov, ex-members of the Soviet Union's OMON - a force blamed for killing at least 21 people. "Our ... read more

NATO to deploy Patriots in Turkey over next few weeks

U.S. seeks double Israel missile funding

NATO chief denounces Iran's allegations on Patriots

Russia shuts down Azerbaijan radar station: Baku

Raytheon awarded $254.6 million for Tomahawk missile

NATO says Syria regime firing 'Scud-style missiles'

Raytheon awarded contract for SM-2 production

Brazil invests in rocket technology

Japan security firm to offer private drone

Pentagon to sell spy drones for $1.2bln to South Korea

Seoul says has other drone options than Global Hawks

Northrop Grumman, US Navy Complete At-Sea Deck Handling Trials of X-47B Unmanned Demonstrator

China opens its version of GPS to public

Raytheon's US Navy satellite terminals reach Full Rate Production milestone

General Dynamics' 30,000th Combat Search and Rescue Radio Goes to Work for USAF

Europe launches major British military satellite

Russia may soon draft new law on military service for women

Supacat opens Australian design facility

NGC Provides Attitude Heading Reference For Sikorsky's S-76D Helicopter

Lockheed Martin Wins Role on Army Software and Systems Engineering Contract

Russian investigators question ex-minister in graft probe

Philippines to buy three naval helicopters

Russia to fight for the Indian market

Russian weapons popular in the world in 2012

Australia plans war games with China: report

Lithuania seeks trial in absentia for Soviet commandos

N. Korea's China trade nearly triples in four years

Hawkish Abe elected as Japan's next prime minister

Synthetic and biological nanoparticles combined to produce new metamaterials

Nanocrystals Not Small Enough to Avoid Defects

Nature Materials Study: Boosting Heat Transfer With Nanoglue

New optical tweezers trap specimens just a few nanometers across

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement