Global trade and gdp growth by president

We use cookies to improve your experience on our website. By using our website you consent to all cookies in accordance with our updated Cookie Notice. Trade global trade and gdp growth by president North Korean nuclear tests have become intimately connected.

Since then, tensions have escalated further after Pyongyang fired a ballistic missile over Japan and undertook its sixth and most powerful nuclear test. The OEC data shows that 3. Global trade and gdp growth by president earlier this year, the Indian government said it would stop all trade with North Koreaexcept for food and medicine.

So what goods does North Korea trade? Its biggest imports are refined petroleum, woven fabrics of synthetic filament yarn, delivery trucks, soybean oil and broadcasting equipment, according to the OEC.

The latest UN sanctions include a ban on the key North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. The burst of economic growth was driven by the mining and energy sectors. Reuters also noted that the manufacture of components for North Korea's missiles would be included in GDP figuresboosting the growth rate.

North Korea also increased exports by 4. Although growing, North Korea's economy struggles to meet the basic needs of its people.

Rosamond HuttFormative Content. The views expressed in this article are those of the author alone and not the World Economic Forum. Rosamond Hutt Formative Content. Chart of the global trade and gdp growth by president What matters most to young Europeans? Sean Fleming 04 Jul Following the World Cup? Then you're watching high-performing migrants at work Alex Gray 04 Jul Global warming varies greatly depending where you live Carbon Brief 04 Jul More on the agenda.

Explore the latest strategic trends, research and analysis. Economic growth despite sanctions. Will North Korea's nuclear ambitions provoke a new arms race?

Written by Rosamond HuttFormative Content. Republic of Korea View all. What does the meeting between North and South Korea really mean?