It turns out that the total amount of trade between North Korea and China over the last year has decreased significantly, down 80% from the previous year.
It seems that North Korea has been hit economically by blocking the border with China as a countermeasure against the new coronavirus.
According to trade statistics released by Chinese customs authorities, the total amount of trade with North Korea, including exports and imports, was $ 539 million over the last year.
This is a significant decrease of 80.7% compared to the previous year, the lowest in the last 20 years.
Looking at each month, the rate of decrease was particularly large, with a decrease of 98% to 99% from October to December last year.
As a countermeasure against the new coronavirus, North Korea has stopped air flights and trains with China since the end of January last year to block the border, and it seems that the traffic of people and the movement of goods were further restricted toward the end of the year. I will.
North Korean leader Kim Jong-un said in a speech at the Workers' Party of Korea's party convention until the 12th of this month that he said, "Almost all the goals we have set for the five-year economic plan up to last year. "It was extremely unachieved in the sector," he admits to the economic downturn.
In addition to the sanctions, the measures against the new coronavirus are believed to have suffered economic damage, including the acquisition of foreign currency.