With exports exceeding US$100 million, North Korea has become China’s largest clothing supplier
Korean media said that the Beijing Representative Office of the Korea Trade and Investment Promotion Agency (KOTRA) stated on January 31 that North Korea became China’s largest clothing supplier for the first time last year.
According to South Korea’s Chosun Ilbo report on February 1, KOTRA said on the same day: “North Korea supplied 17% of China’s clothing imports in 2015, surpassing Italy and Vietnam for the first time, with Italy and Vietnam becoming the second and third respectively. bit.”
According to reports, North Korea’s clothing exports to China increased from US$160 million in 2010 to US$630 million last year, an increase of about three times. On the contrary, North Korea’s main exports – coal exports to China decreased by 7.6% compared with 2014, and iron ore decreased by 67%. North Korea used clothing exports to make up for the decrease in resource exports. North Korea relies on China for 90% of its trade. Last year’s exports exceeded US$600 million, and North Korea became China’s largest clothing supplier
AAA
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