Overview In February 2023, China exported $112M and imported $9.37M from North Korea, resulting in a positive trade balance of $102M. Between February 2022 and February 2023 the exports of China have increased by $53.8M (92.8%) from $58M to $112M, while imports increased by $7.35M (364%) from $2.02M to $9.37M.
Trade In February 2023, the top exports of China to North Korea were Packaged Medicaments ($5.05M), Synthetic Filament Yarn Woven Fabric ($4.8M), Soybean Oil ($3.87M), Wheat Flours ($2.21M), and Carbonates ($1.69M). In February 2023 the top imports of China from North Korea were Tungsten Ore ($4.36M), Raw Silk ($4.3M), Molybdenum Ore ($2.54M), Watch Movements ($1.79M), and Electricity ($1.72M).
Origins In February 2023 the exports of China were mainly from Liaoning Province ($73.5M), Hunan Province ($9.28M), Guangdong Province ($9.04M), Shandong Province ($7.62M), and Shaanxi Province ($5.22M), while imports destinations were mainly Liaoning Province ($4.05M), Henan Province ($3.65M), Jilin Province ($1.3M), Shandong Province ($319k), and Zhejiang Province ($23.8k).
Growth In February 2023, the increase in China's year-by-year exports to North Korea was explained primarily by an increase in product exports in Electricity ($505 or 12.3%). In February 2023, the increase in China's year-by-year imports from North Korea was explained primarily by an increase in product imports in Electricity ($239k or 16.1%), Commodities not elsewhere specified ($4.75k or 2.67k%), and Beauty Products ($440 or 404%).