According to the Korea International Trade Association, Pyongyang’s coal exports to China in August came to 2.46 million metric tons. This is an increase of 35 percent on-year, and the highest monthly volume recorded since North Korea-China trade data was first compiled in 1998.
The rise is thought to have been fueled in part by North Korea’s lowering of prices -- coal was priced at US$45.55 per ton in August. In comparison, the average import price for China was US$49.3 per ton.
Despite the drop in price, the value of North Korea’s coal exports to China also surged. In August, North Korea’s coal exports came to US$112 million, up 27.3 percent from a year ago.
Boosted by the rise in coal exports, North Korea’s overall exports to China increased by 16.4 percent in August.
By Choi He-suk (email@example.com)