China July trade with North Korea goes down from June on coal ban

China July trade with North Korea goes down from June on coal ban

In July, China's trade with North Korea went down from the previous month, as data disclosed on Wednesday. It’s because a ban on coal purchases from its isolated country slowed imports amid ascending pressure from America to tame Pyongyang's missile program.

In July, the world's number two economy imported and exported goods worth approximately $456.16 million, down from June’s outcome of $489 million, as data from China's General Administration of Customs states.

It soared from $426.1 million in July 2016.

Year-to-date, trade tacked on 10.2% rising to $3.01 billion. The given data shows that China's move to cease North Korean coal imports in February has affected Pyongyang's ability to lift hard currency via exports.

Obviously, China's imports from North Korea hit $156.3 million, sliding 3% from the previous month and a third lower than in 2016, as follows from data on customs website.

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