Inter-Korean Trade Volume in the First Quarter of 08
Inter-Korean
Trade Volume in the First Qtr of 08 increased 50% from a year earlier
*Inter-Korean
trade volume in the first quarter of 2008 amounted to 417.28 million dollars,
up 50% from 278.12 million dollars of the same period in the previous
year.
Gaeseong Industrial Complex (GIC)-related
trade such as inbound products including textiles and transfer of factory
equipments reached 162.93 million dollars, a 91% growth from the previous year.
Processing on commission trade including clothing and radio cassette increased significantly
by 43% to 93.77 million dollars.
General trade including inbound minerals,
agricultural, forestry and fishery products rose slightly to 100 million
dollars, up 4% from the same period last year.
The major factor behind the rise in the
inter-Korean trade is the increase in commercial trade, which accounts for 96%
of inter-Korean trade. The commercial trade increased 53% year-on-year from
260.94 million dollars to 398.9 million dollars.
* The
government and private aid towards North Korea declined 20%.
(Unit: 1000 dollars, %)
| Category |
Commercial Trade |
General
Trade |
Processing
On
Commission |
Gaeseong
Industrial
Complex |
Economic
Cooperation |
Light
industry
Cooperation |
| Trade Volume |
100,299 |
93,775 |
162,935 |
29,834 |
12,060 |
| Percentage |
24.0 |
22.5 |
39.0 |
7.1 |
2.9 |
| Category |
Noncommercial Trade |
Aid for the
North |
Social
And
Cultural |
Energy
Aid |
Total |
| Trade Volume |
13,666 |
27 |
4,690 |
417.286 |
| Percentage |
3.3 |
0.1 |
1.1 |
100 |
*
Inter-Korean
economic cooperation on a private level, such as general trade, processing on
commission trade, Gaeseong Industrial Complex s productive activities, is
expected to continue after April, 2008 despite recent changes in inter-Korean
relations.
The spokesperson for the
Unification Ministry
