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Decline in the DPRK’s anthracite export to China : Causes and implications

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“North Korea’s anthracite export to China, which represents more than 40% of its total exports, is experiencing fall outs from a downturn in export unit prices, China’s dwindling steel industry, the Chinese government’s restructuring plans for the steel industry, and strengthened environmental regulations. The time has come for North Korea to reshape its external trade structure which has persevered since the May 24 measures. In recognition of this, the South Korean government now needs to consider flexible North Korea policies which will provide incentives for the North Korean economy.”
Ⅰ. Issue
With North Korea lacking export competitiveness in most areas, its anthracite export to China has become particularly important for the economy as a source of hard currency. Following the May 24 sanctions, anthracite export to China marked 40.4% of North Korea‘s total exports in 2011, rising to 41.3% in 2012, and 42.7% in 2013. The US$1.37 billion posted in 2013 outperformed not only all other export items i.e. iron ore, clothing, fishery
* This is a summary excerpt from Lee, Jong-Kyu, “What Determines DPRK's Anthracite Exports to China?: Implications for the DPRK's Economy”, KDI Journal of Economic Policy 2015, 37(2): 19-43.
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2
products, etc. but also outstripped the mobile phone sector, Gaeseong Industrial Complex project, labor export, tourism, and other means of foreign currency.
North Korea’s anthracite export to China has greatly contributed to the stabil


Full Text
Title Decline in the DPRK’s anthracite export to China
Similar Titles
Sub Title

Causes and implications

Material Type Reports
Author(English)

Lee, Jong-Kyu

Publisher

Sejong-si:Korea Development Institute

Date 2015-06
Series Title; No KDI Focus / No. 57
Pages 9
Subject Country China(Asia and Pacific)
North Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI; KDI School

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