China-N Korea trade battered by UN sanctions

15 January, 2019 12:00 AM printer

BEIJING: China’s trade with North Korea plummeted last year, data showed Monday, as harsh UN sanctions batter the nuclear-armed country’s economy, reports AFP.

Beijing is a key ally of the isolated state and its main source of trade and aid—but in 2017 it backed United Nations measures to punish Pyongyang over its nuclear and ballistic missile activities.

The sanctions on trade in North Korea’s most valuable commodities sent bilateral trade plunging 52.4 percent last year compared to 2017. China’s imports from its neighbour dropped 88 percent in 2018 year-on-year to 1.42 billion yuan ($210 million), while its exports slumped 33.3 percent to 14.7 billion yuan ($2.18 billion), according to customs administration spokesman Li Kuiwen.