Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Korean media: North Korea’s textile exports to China have nearly tripled in the past four years

Korean media: North Korea’s textile exports to China have nearly tripled in the past four years



Foreign media said that data released by the Beijing Branch of the Korea Trade Association on September 23 showed that from January to July 2014, North Korea’s textile exports to China reached 410 million U.S. …

Foreign media said that data released by the Beijing Branch of the Korea Trade Association on September 23 showed that from January to July 2014, North Korea’s textile exports to China reached 410 million U.S. dollars. It is expected that the annual export volume in 2014 will reach US$800 million, an increase of nearly three times from US$190 million in 2010.
According to Yonhap News Agency’s report on September 23, in recent years, the proportion of North Korea’s textile exports to China in total exports to China has shown an increasing trend year by year, rising from 16.0% in 2010 to 17.1% in 2011, and to 17.1% in 2012. 18.2%, exceeded the 20% mark in 2013, reaching 20.7%, and rose again to 26.3% in 2014.
According to the report, according to analysis, Chinese textile manufacturers are currently actively taking advantage of North Korea’s cheap labor force to maintain price advantages. Therefore, relevant companies have exported raw materials to North Korea and then imported finished products produced and processed locally. It is reported that employees in Hunchun City, China, located in the border area between North Korea and China, earn a monthly salary of 2,700 yuan, while North Korean employees only receive a monthly salary of 1,500 yuan.
The report said that on the other hand, North Korea’s exports of coal, iron ore and other mineral resources to China accounted for a decreasing share of total exports to China year by year, falling from 66.2% in 2010 to 60.7% in 2014.
The trade association said that so far, North Korea’s foreign trade exports are mainly mineral resources, but as the wage gap between Chinese and North Korean employees continues to widen, North Korea’s exports of labor-intensive industries to China are increasing, and this trend will continue. Will last for a while.

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