Data shows China's trade with North Korea rises
10:50 - 23/12/2017
Information / Baghdad ..
China's trade with North Korea rose to $ 388 million in November, but remained near its lowest level this year as tough sanctions continued to slow down trade with its neighbor, data showed on Saturday.
Total trade volume rose 15.9 percent from $ 344.89 million in October, but much lower than a year earlier when it recorded $ 613.2 million, according to data released by the General Administration of Customs.
Although the data show a monthly increase, China's trade with North Korea has been slow since the latest UN sanctions imposed on September 5, which banned Pyongyang from selling coal, iron ore, lead, raw bullets and seafood to overseas.
China, the world's second largest economy, bought goods worth $ 100.18 million from North Korea last month, up from October when it bought $ 90.75 million worth of goods, but less than a year ago when it bought $ 262.2 million.
Exports totaled $ 287.84 million in November, up from $ 244.2 million in October.
Trade between the two countries slowed this year, especially after China banned the purchase of coal in February. But the pace of decline accelerated after the latest sanctions damaged Pyongyang's ability to sell some of the important goods to one of its main trading partners. Ending / 25