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NKorea's China trade jumps in 2011


February 19. 2013 11:45PM
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(AP) North Korea's trade with China surged 62 percent in 2011, a sign of deepening dependence on Pyongyang's biggest ally.


South Korea's Statistics Korea said Thursday that North Korea's exports and imports with China reached $5.63 billion in 2011, compared with $3.47 billion in the previous year.


China accounted for 70 percent of North Korea's annual trade in 2011, higher than 57 percent in 2010.


South Korea was North Korea's second-biggest trade partner after China. It accounted for 21 percent of annual trade of its northern neighbor last year.


Statistics Korea said the volume of North Korea's annual trade reached $6.32 billion last year, up 51 percent from 2010.


It said its figures are gathered from official statistics figures in overseas countries through KOTRA, the Korea Trade-Investment Promotion Agency.


Associated Press


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