Inter-Korean trade sees 30% decline

14:40, August 06, 2010      

Email | Print | Subscribe | Comments | Forum 

The inter-Korean trade has seen a significant decline of more than 30 percent since the South Korean government carried out a ban on trade with the Democratic People's Republic of Korea (DPRK) for the deadly sinking of its warship Cheonan, Seoul's customs office said Friday.

The Korea Customs Service said that the volume of inter-Korean trade amounted to 123 million U.S. dollars in June, down 32 percent from April.

Outbound shipments from South Korea dropped 27 percent in June compared with April, to register 56.88 million dollars, while inbound shipments from the DPRK shrank 36.5 percent to 66.18 million dollars over the same period.

The South Korean government has severed all trade and cultural ties with the DPRK after a multinational investigation concluded that the South Korean warship sank due to a torpedo attack from the DPRK. Pyongyang has repeately denied the charges.

But an official at the customs agency said the decline was not as sharp as expected, as the Kaesong joint industrial complex, which accounts for near 70 percent of total trade between the two countries, is still in operation.

He said if the situation at the Kaesong complex remains the same down the road, the inter-Korean trade is expected to remain at similar levels to that of June.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion