Overview In July 2024, China exported $123M and imported $21.8M from North Korea, resulting in a positive trade balance of $101M. Between July 2023 and July 2024 the exports of China have decreased by $-33.6M (-21.5%) from $157M to $123M, while imports decreased by $-3.24M (-12.9%) from $25.1M to $21.8M.
Trade In July 2024, the top exports of China to North Korea were Processed Hair ($10.9M), Raw Sugar ($10.6M), Other knitted or crocheted fabrics. ($10.5M), Soybean Oil ($10.1M), and Synthetic Filament Yarn Woven Fabric ($9.97M). In July 2024 the top imports of China from North Korea were Ferroalloys ($4.85M), Fake Hair ($4.82M), Tungsten Ore ($2.23M), Electricity ($1.62M), and Carbides ($870k).
Origins In July 2024 the exports of China were mainly from Guangdong Province ($56.4M), Liaoning Province ($40M), Jilin Province ($18.4M), Shandong Province ($4.19M), and Zhejiang Province ($2.79M), while imports destinations were mainly Liaoning Province ($9.62M), Jilin Province ($8.51M), Shandong Province ($2.01M), Guangdong Province ($1.66M), and Sichuan Province ($16.3k).
Growth In July 2024, the decrease in China's year-by-year exports to North Korea was explained primarily by an decrease in product exports in Antibiotics ($-887k or -98.2%), Uncoated Paper ($-472k or -33.6%), and Industrial Fatty Acids, Oils and Alcohols ($-360k or -98.3%). In July 2024, the decrease in China's year-by-year imports from North Korea was explained primarily by an decrease in product imports in Raw Silk ($-4.02M or -93.6%), Tungsten Ore ($-2.14M or -48.9%), and Molybdenum Ore ($-2.01M or -78.8%).
