China's imports from North Korea sink below $100 million as coal ban bites
China's imports from North Korea sink below $100 million as coal ban bites
Published: 09:44 am May 23, 2017
BEIJING: China's total imports of North Korean goods in April fell below $100 million to a multi-year low, accelerating a months-long decline after China halted coal shipments from its isolated neighbour, data showed on Tuesday. The world's second-largest economy bought goods worth $99.3 million in April from North Korea, the lowest monthly tally since at least June 2014. That compares with $114.6 million in March and $167.7 million a year earlier. The value of imports has fallen month-on-month since December, General Administration of Customs data showed. China's exports to North Korea eased to $288.2 million in April, down 12 percent from March. Exports for the first four months of the year were up 32 percent at $1 billion. Analysts and traders expect data due out later on Tuesday to show China did not take any North Korean coal in April for a second straight month, after Beijing's ban of such imports following repeated missile tests by Pyongyang. China imported 1.53 million tonnes of coal worth $72.3 million from North Korea in April 2016.