North Korea’s trade deficit with China has ballooned, raising questions on how the reclusive state has been able to continue to generate foreign currency reserves despite the sanctions imposed against it.
North Korea’s trade deficit with China hit $1.9bn in 2017, a 141 per cent increase on the year before and the largest deficit with its neighbour in at least 17 years, according to data compiled by Aberdeen Standard Investments.
China’s imports from North Korea in 2017 fell to $1.7bn, a six-year low, while North Korean imports from China rose by about 6 per cent on the year before to $3.6bn, the data showed.
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