What commodities are 98% of North Korea's exports sold to China? say you can't believe, it exports a lot of goods, ordinary people can't estimate!
Trouble see the official gentlemen in the upper right corner click on "attention", which is both convenient for you to discuss and share, but can bring you a different sense of participation, thank you for your support!
You may have always thought that North Korea’s exports are mainly minerals, steel or some high-tech products, but in fact, North Korea’s exports to China are almost anything you can’t imagine, and even a lot of ordinary people can’t use at all.
The data showed that about 98% of North Korea's exports were sold to China, which is close to the level of "all sold to you".
False hair and false eyelids make up a large proportion, and North Korea, a small country that makes money from producing beauty products, this low value added commodity can make up an important proportion of exports.
China's market demand for such goods is huge, so North Korea has a stable business line, but the problem is that such commodity profits are low, technology content is not high, and it is not possible to support the long-term development of the North Korean economy.
Look at mineral resources. North Korea is rich in minerals, especially coal, iron ore and rare earths. Exporting mineral resources seems to be very profitable on the surface, but in fact there are also big problems.
Export of minerals is not equivalent to economic development, it is only a gross form of income. The money sold out of minerals can only sustain daily spending, can not form technological accumulation, and is not conducive to the optimization of the economic structure.
Think of China buying the mineral, processing itself into steel and parts, the profits are all in China's hands, and North Korea gets only the price of raw materials.
Electricity is also an unexpected part of North Korea's exports. North Korea's electricity facilities are behind, its own domestic electricity is not enough, can it still be exported?
Exporting electricity is small, low profits, and extremely dependent on China’s demand.Simply put, it’s a “earn a little bit of money” business that doesn’t help economic upgrading.
In addition to fake hair, fake eyebrows, minerals and electricity, low-end car parts are also one of the exports.The manufacturing process of these parts is simple, the technical threshold is low, but the quantity is large, and bulk exports can generate a stable cash flow.
The problem is equally obvious, low-end parts will not bring high added value, nor will form brand competitiveness.China buy these parts, process itself into complete cars or higher-end accessories, earning is China's profit, North Korea only provides basic raw materials.
If you put these export goods together, the characteristics are very obvious, low added value, low technical content, dependence on the single market.
As a result, the economic structure is extremely single, highly dependent on the Chinese market, and once China's demand decreases, or trade policy adjustments, the North Korean economy will fall into trouble.
Compared to China, China's exports of commodities are rich, from high-tech chips, integrated equipment, to consumer goods, clothing, almost fully covering various price levels and technology levels.
North Korea has no such buffering mechanism at all, it relies on low-end products and resources to maintain its economic vitality, wanting to upgrade or go out, it is very difficult.
There is also the reality that North Korea has little experience in diversifying its export channels. 98% of exports are sold to China. This figure makes the problem clear. North Korea's independence in global trade is extremely low.
If one day China tightened orders, or price negotiations were tough, North Korea could only passively accept.
More importantly, low value-added exports mean that North Korea has made little progress in technology accumulation, industrial upgrading and brand building. Suppose North Korea wants to develop high-tech industries in the future, and its foundation is too thin to keep up with personnel training and scientific research investment.
Most of the money it earns is for everyday life and government spending, and there is no money to invest in innovation.
So the picture you see is that North Korea relies on low-end exports, resource exports to maintain economic survival, but there are no high value-added products, no independent brands, no industrial upgrades.
In other words, it is economically highly dependent on China, technically incapable of accumulating, and industrially incapable of upgrading.You can understand it as an "external resource-dependent economy", highly vulnerable and lacking sustainable development capabilities.
North Korea makes money from low-value products, is a short-term survival strategy, but there is no technology accumulation, no industrial upgrading, the economy is long-term fragile, any country that relies on the single market, want to truly stabilize development, must break the limits of low-value exports, find independent brands and high-value industry, otherwise more orders are only watercoach pay.
Reference: Interface News-False eyelashes and wigs become the main commodities exported by North Korea to China
Trouble see the official gentlemen in the upper right corner click on "attention", which is both convenient for you to discuss and share, but can bring you a different sense of participation, thank you for your support!
You may have always thought that North Korea’s exports are mainly minerals, steel or some high-tech products, but in fact, North Korea’s exports to China are almost anything you can’t imagine, and even a lot of ordinary people can’t use at all.
The data showed that about 98% of North Korea's exports were sold to China, which is close to the level of "all sold to you".
False hair and false eyelids make up a large proportion, and North Korea, a small country that makes money from producing beauty products, this low value added commodity can make up an important proportion of exports.
China's market demand for such goods is huge, so North Korea has a stable business line, but the problem is that such commodity profits are low, technology content is not high, and it is not possible to support the long-term development of the North Korean economy.
Look at mineral resources. North Korea is rich in minerals, especially coal, iron ore and rare earths. Exporting mineral resources seems to be very profitable on the surface, but in fact there are also big problems.
Export of minerals is not equivalent to economic development, it is only a gross form of income. The money sold out of minerals can only sustain daily spending, can not form technological accumulation, and is not conducive to the optimization of the economic structure.
Think of China buying the mineral, processing itself into steel and parts, the profits are all in China's hands, and North Korea gets only the price of raw materials.
Electricity is also an unexpected part of North Korea's exports. North Korea's electricity facilities are behind, its own domestic electricity is not enough, can it still be exported?
Exporting electricity is small, low profits, and extremely dependent on China’s demand.Simply put, it’s a “earn a little bit of money” business that doesn’t help economic upgrading.
In addition to fake hair, fake eyebrows, minerals and electricity, low-end car parts are also one of the exports.The manufacturing process of these parts is simple, the technical threshold is low, but the quantity is large, and bulk exports can generate a stable cash flow.
The problem is equally obvious, low-end parts will not bring high added value, nor will form brand competitiveness.China buy these parts, process itself into complete cars or higher-end accessories, earning is China's profit, North Korea only provides basic raw materials.
If you put these export goods together, the characteristics are very obvious, low added value, low technical content, dependence on the single market.
As a result, the economic structure is extremely single, highly dependent on the Chinese market, and once China's demand decreases, or trade policy adjustments, the North Korean economy will fall into trouble.
Compared to China, China's exports of commodities are rich, from high-tech chips, integrated equipment, to consumer goods, clothing, almost fully covering various price levels and technology levels.
North Korea has no such buffering mechanism at all, it relies on low-end products and resources to maintain its economic vitality, wanting to upgrade or go out, it is very difficult.
There is also the reality that North Korea has little experience in diversifying its export channels. 98% of exports are sold to China. This figure makes the problem clear. North Korea's independence in global trade is extremely low.
If one day China tightened orders, or price negotiations were tough, North Korea could only passively accept.
More importantly, low value-added exports mean that North Korea has made little progress in technology accumulation, industrial upgrading and brand building. Suppose North Korea wants to develop high-tech industries in the future, and its foundation is too thin to keep up with personnel training and scientific research investment.
Most of the money it earns is for everyday life and government spending, and there is no money to invest in innovation.
So the picture you see is that North Korea relies on low-end exports, resource exports to maintain economic survival, but there are no high value-added products, no independent brands, no industrial upgrades.
In other words, it is economically highly dependent on China, technically incapable of accumulating, and industrially incapable of upgrading.You can understand it as an "external resource-dependent economy", highly vulnerable and lacking sustainable development capabilities.
North Korea makes money from low-value products, is a short-term survival strategy, but there is no technology accumulation, no industrial upgrading, the economy is long-term fragile, any country that relies on the single market, want to truly stabilize development, must break the limits of low-value exports, find independent brands and high-value industry, otherwise more orders are only watercoach pay.
Reference: Interface News-False eyelashes and wigs become the main commodities exported by North Korea to China