Decline in the DPRK's Anthracite Export to China: Causes and Implications
KDI FOCUS June 5, 2015
10 Pages Posted: 21 Apr 2016
Date Written: June 5, 2015
Abstract
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.
Suggested Citation: Suggested Citation