Special to WorldTribune.com
By Lee Jong-Heon, East-Asia-Intel.com
North Korea’s trade volume reached a record high in 2013 in a clear demonstration that U.S-led international sanctions have not succeeded.
Thanks to traditional partners China and Russia, the North’s overall trade volume came to $7.35 billion last year, up 7.8 percent from $6.81 billion in 2012, according to a report by South Korea’s government trade agency.
The country’s exports jumped 11.7 percent to $3.22 billion, with imports growing 5 percent to $4.13 billion, resulting in a deficit of $910 million, according to the Korean Trade and Investment Promotion Agency (KOTRA) report.
“The North’s annual trade volume in 2013 was the highest amount since KOTRA began compiling such data in 1990,” the report said.
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