Tag: imports
Chinese cooling fans become N. Korea’s hottest import
Chinese-made portable cooling fans have become the must-have summer accessory for North Koreans.
"No matter the price, handheld cooling fans are among the hottest imports...
Pyongyang elite embrace ‘designer’ clothes from abroad
According to a Daily NK source in Pyongyang recently, designs by twenty-something creators who trained overseas began gaining popularity among the capital's elite in...
N. Korean youth drive surge in Chinese bag imports
Demand for Chinese-made bags has surged among North Koreans in their teens through 30s. The trend of choosing Chinese bags over domestic alternatives —...
Rice and corn prices drop in North Korea
Grain prices across North Korean markets have recently declined following weeks of steady increases. The drop coincides with increased cross-border imports and the beginning...
State-sanctioned smuggling revives hope in N. Korean border economy
North Korea is conducting both imports and exports through state-sponsored smuggling operations in the Hyesan area of Ryanggang province. Local residents are increasingly optimistic...
China imports flow to North Korea through strategic border points
North Korea has recently stepped up imports of various supplies from China. The country carefully categorizes goods as sanctioned or non-sanctioned, using different import...
N. Korean grain prices surge to near-record levels after brief dip
North Korean grain prices are climbing again after a brief lull earlier this month, according to market data.
Rice sold for 9,500 North Korean won...
N. Korea’s economic squeeze: Grain prices surge as currency collapses
North Korea's market grain prices have recently surged to all-time highs after remaining relatively stable since December, increasing the financial burden on ordinary North...
N. Korea narrows gap between official and market exchange rates
The won-to-dollar market exchange rate in North Korea has more than doubled over the past year, prompting the government to ban private foreign currency...
State-sanctioned car smuggling creates wealth divisions in N. Korean border city
State-led car smuggling has exploded in Hyesan, a border city in Ryanggang province. Wealthy individuals are rushing to invest in trading companies involved in...
