Russian Trade With North Korea Increased 40% In 2019

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North Korea’s trade with Russia jumped about 40 percent on-year in 2019 despite global sanctions imposed on Pyongyang, data disclosed by the International Trade Centre yesterday has stated. Bilateral trade between North Korea and Russia rose to US$47.9 million last year, up 40.6 percent from a year earlier.

North Korea imported US$44.9 million worth of products from Russia last year, with its exports to the neighboring country reaching US$3 million, the data showed.

Petroleum products accounted for the largest portion of North Korea’s imports with US$27.2 million. Musical instruments were North Korea’s largest export to Russia, reaching US$1.6 million.

The increase came despite global sanctions restricting Pyongyang from seeking major economic cooperation and importing materials that could be used for military purposes.

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