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Home / Economy / News / India at 2nd spot: Check out North Korea's top trading partners

India at 2nd spot: Check out North Korea's top trading partners

The new sanctions set a cap on crude and refined oil exports to North Korea

North Korean leader Kim Jong Un, center, celebrates what was said to be the test launch of an intermediate range Hwasong-12 missile at an undisclosed location in North Korea. (Photo: PTI| AP)
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North Korean leader Kim Jong Un, center, celebrates what was said to be the test launch of an intermediate range Hwasong-12 missile at an undisclosed location in North Korea. (Photo: PTI| AP)

Puja Gupta
Last Updated : Sep 18 2017 | 10:14 AM IST
The United Nations Security Council voted unanimously to impose a new set of sanctions against North Korea in response to Pyongyang’s sixth and strongest nuclear test explosion on September 3. The new sanctions set a cap on crude and refined oil exports to North Korea.
 
The sale of natural gas will be prohibited and refined petroleum sales will be capped at 2 million barrels annually. The Security Council resolution also bans all North Korea textile exports. Geographically, China and North Korea share a large border, which makes China a natural partner for trade. Here’s a look at North Korea’s trade numbers in 2016: