China / North Korea

Overview In August 2024, China exported $148M and imported $29.4M from North Korea, resulting in a positive trade balance of $118M. Between August 2023 and August 2024 the exports of China have decreased by $-15.2M (-9.33%) from $163M to $148M, while imports increased by $1.2M (4.24%) from $28.2M to $29.4M.

Trade In August 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 August 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 August 2024 the exports of China were mainly from Guangdong Province ($56.3M), Liaoning Province ($52.2M), Jilin Province ($22.8M), Shandong Province ($8.86M), and Beijing ($2.48M), while imports destinations were mainly Jilin Province ($14.3M), Liaoning Province ($10.8M), Shandong Province ($2.47M), Guangdong Province ($1.78M), and Henan Province ($20.8k).

Growth In August 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 August 2024, the increase in China's year-by-year imports  from North Korea was explained primarily by an increase in product imports  in Fake Hair ($4.46M or 1.22k%), Ferroalloys ($3.76M or 344%), and Carbides ($726k or 506%).