Published on March 22, 2026
SEOUL, March 18 (Yonhap) — Trade between North Korea and China exceeded US$427 million in the first two months of 2023, marking the highest level in nearly nine years. According to data from the Customs General Administration of China, this significant increase reflects a recovery in bilateral commerce following disruptions caused -19 pandemic.
The surge in trade can be attributed to the resumption of exports and imports as both countries gradually lifted restrictions. North Korea’s exports to China were reported to have reached approximately $188 million, showing a noteworthy increase compared to the same period last year. Meanwhile, imports from China were valued at around $239 million.
This uptick in economic activity is significant as it indicates an ongoing reliance of North Korea on Chinese goods, amidst the international sanctions imposed on Pyongyang for its nuclear and missile programs. Over the years, China has remained North Korea’s most important trading partner, accounting for over 90% of the latter’s external trade.
Moreover, analysts suggest that the reestablishment of trade ties could also signal a strategic move to bolster its economy at a time when food shortages and economic struggles are prevalent due to stricter sanctions and the economic fallout from the pandemic.
As North Korea continues to navigate its complex geopolitical landscape, the latest trade figures underscore the critical role that China plays in sustaining its economy. The future of this bilateral trade relationship will be closely monitored, particularly for signs of how it may evolve in light of ongoing international tensions and domestic challenges facing both nations.