Latest Market Price Index Inside N.Korea

As of July. 17, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

8,925Won

(1.0USD)

7,012Won

(0.8USD)

4,717Won

(0.5USD)

1,900Won

(0.2USD)

1,275Won

(0.15USD)

 

As of July. 9, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

12,420Won

(1.3USD)

8,280Won

(0.9USD)

4,600Won

(0.5USD)

2,100Won

(0.2USD)

1,380Won

(0.15USD)

 

As of Jun. 25, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

11,475Won

(1.27USD)

8,100Won

(0.9USD)

4,600Won

(0.51USD)

2,000Won

(0.22USD)

1,350Won

(0.15USD)

The survey location was a city in North Hamgyong Province. The price index remains stable in June. It says that the prices of the Chinese goods show stability due to active smuggling. But there are some complaints that the quality of everyday life has not improved notably. The power supply which was recovered momentarily deteriorated again.

As of Jun. 19, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

11,475Won

(1.27USD)

8,100Won

(0.9USD)

4,600Won

(0.51USD)

1,900Won

(0.21USD)

1,350Won

(0.15USD)

 

As of Jun. 12, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

11,135Won

(1.36USD)

7,860Won

(0.96USD)

4,300Won

(0.52USD)

1,900Won

(0.23USD)

1,310Won

(0.16USD)

 

As of Jun. 4, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

12,105Won

(1.4USD)

8070Won

(0.93USD)

4,300Won

(0.5USD)

1,900Won

(0.22USD)

1,345Won

(0.16USD)

 

As of May. 24, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

11,305Won

(1.36USD)

6,650Won

(0.8USD)

5,000Won

(0.6USD)

1,800Won

(0.21USD)

1,330Won

(0.16USD)

The surveys were carried out in two locations, in Yanggang and North Hamgyong Provinces. The North Korean domestic brand, “Baekma Gasoline,” is available at the market. The price of KPW 9,310/kg is cheaper than that of the imported gasoline. The quality of the gasoline, refined from crude oil, is so low that it can’t be used for in a car. Other prices also indicated a slight rise.

As of May. 17, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

9,975Won

(1.2USD)

5,320Won

(0.64USD)

4,500Won

(0.54USD)

2,000Won

(0.24USD)

1,330Won

(0.16USD)

The surveys were carried out in two locations, in Yanggang and North Hamgyong Provinces. Consumer prices and the exchange rate for RMB showed stability. It is said that people are disappointed because the high-ranking South-North Korean meeting was cancelled. The meeting was scheduled on May 16. Evidence suggests that the expectations for a dialogue between the South and the North is growing.

As of May. 8, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

10,013Won

(1.2USD)

5,340Won

(0.64USD)

4,539Won

(0.54USD)

2,000Won

(0.23USD)

1,335Won

(0.16USD)

The surveys were carried out in three locations in Yanggang and North Hamgyong Provinces. Notably, gasoline and diesel dropped sharply. They have decreased by 35% since early April and by 65% since late February when prices peaked. As of last April, the price of gasoline was KPW8,400/kg. This was just prior to a sharp rise in fuel prices.

The reasons are not known, but there is a rumor that fuel was brought in from Chongjin City. There is also a possibility of importation from Russia.

As of Apr. 30, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

12,920Won

(1.52USD)

6,800Won

(0.8USD)

4,896Won

(0.57USD)

2,000Won

(0.23USD)

1,360Won

(0.16USD)

The surveys were carried out in two locations, in Yanggang and North Hamgyong Provinces. It isn’t certain whether the summit meeting between the South and the North affected surveyed products, however, the prices of staple foods, fuel and the exchange rate for RMB all dropped.

As of Apr. 26, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

13,700Won

(1.6USD)

8,220Won

(0.96USD)

4,900Won

(0.57USD)

2,300Won

(0.26USD)

1,370Won

(0.16USD)

The survey was made at two locations in North Hamgyong Province. Staple foodstuffs are showing a slight drop in price. The prices for fuel and the exchange rate has been stable.

As of Apr. 19, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

14,850Won

(1.76USD)

8,100Won

(0.96USD)

5,100Won

(0.60USD)

2,100Won

(0.24USD)

1,350Won

(0.16USD)

The survey was made at North Hamgyong Province and North Pyongan Province. The prices for fuel, staple food, remained almost unchanged. The exchange rate has been stable.

As of Apr. 5, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

14,850Won

(1.76USD)

8,100Won

(0.96USD)

5,300Won

(0.62USD)

2,400Won

(0.28USD)

1,350Won

(0.16USD)

The survey was made at a location in North hamgyong Provicne and two locations in Yanggang Province. North Korean Won (KPW) went up a little bit. The price for fuel and staple food remained almost unchanged.

As of Mar. 29, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

15,400Won

(1.76USD)

8,400Won

(0.96USD)

5,400Won

(0.61USD)

2,300Won

(0.26USD)

1,400Won

(0.16USD)

The survey was made at two locations in Yanggang Province. According to the statistics of the Chinese Customs Office as of March 23, the export to China from North Korea has been dropped by 95% since the same month of the previous year. The shortage of foreign currency might contribute the decline of KPW to 1,400 for exchange.

As of Mar. 23, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

14,960Won

(1.76USD)

8,160Won

(0.96USD)

5,500Won

(0.64USD)

2,200Won

(0.25USD)

1,360Won

(0.16USD)

The survey was made at North Hamgyong Province and Yanggang Province. North Korean Won (KPW) shows 5% drop compared to that of one week ago even if USD and Chinese RMB declined globally.

As of Mar. 15, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

12,900Won

(1.6USD)

7,740Won

(0.96USD)

4,900Won

(0.6USD)

2,300Won

(0.28USD)

1,290Won

(0.16USD)

The survey was made at North Hamgyong Province and Yanggang Province. Weakened USD and RMB led the decline of North Korean Won (KRW).

As of Mar. 7, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

14,410Won

(1.76USD)

9,170Won

(1.12USD)

5,200Won

(0.63USD)

2,500Won

(0.3USD)

1,310Won

(0.16USD)

The survey was made at two points in Yanggang Province. KPW, expected to continue depreciation, rose. The exchange rate has been stable even though the shortage of foreign currency has continued due to the ongoing economic sanction. The prices for fuel and staple food remain unchanged. Appreciation of KPW helped the decrease of price in some items at this time.

 

As of Feb. 28, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

16,080Won

(1.92USD)

9,380Won

(1.12USD)

5,340Won

(0.63USD)

2,600Won

(0.31USD)

1,340Won

(0.16USD)

 

As of Feb. 22, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

16,900Won

(2.07USD)

10,400Won

(1.27USD)

5,000Won

(0.61USD)

2,400Won

(0.29USD)

1,300Won

(0.16USD)

The investigation is Ryanggang Province and North Hamgyong Province.

As of Feb. 15, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

17,820Won

(2.13USD)

10,560Won

(1.25USD)

5,000Won

(0.61USD)

2,500Won

(0.30USD)

1,320Won

(0.15USD)

 

As of Feb. 6, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

16,900Won

(2.07USD)

9,100Won

(1.11USD)

5,200Won

(0.63USD)

2,600Won

(0.31USD)

1,300Won

(0.16USD)

Fuel price dropped, but the cause was not known to the reporting partner. It is said that the food price as well as miscellaneous goods and clothes from China are rising. The investigation was made at two locations in Yanggang Province and one spot in North Hamgyong Province.

As of Jan. 22, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

27,510Won

(3.36USD)

15,720Won

(1.92USD)

4,650Won

(0.56USD)

1,900Won

(0.23USD)

1,310Won

(0.16USD)

The survey area is Yanggang Province. The price of fuel in this area has been constantly rising since the end of 2017. Staple foodstuffs are showing a slight drop in price. The price of firewood for cooking and heating continues to rise sharply. The average cost of wood is RMB 120-150 per 1 square meter, as the authorities are cracking down on illegal logging.

As of Jan. 11, 2018   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

25,700Won

(3USD)

12,850Won

(1.5USD)

4,800Won

(0.56USD)

2,000Won

(0.23USD)

1,285Won

(0.15USD)

We selected two locations in Yanggang Province for survey. Gasoline and diesel have risen sharply since the beginning of the year and continue to fetch a high price. The price hike that has occurred under the international economic sanctions is due to state control on the supply of these products and the rising cost of gasoline. In addition, fuel traders might have begun cornering the market on these products. The market rate of RMB shows that the North Korean currency is slightly stronger.

As of Dec. 29, 2017   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

20,800Won

(2.46USD)

10,400Won

(1.23USD)

4,900Won

(0.58USD)

2,100Won

(0.25USD)

1,300Won

(0.15USD)

The survey areas consist of two locations in Yanggang Province and a city. There is no difference among the locations in terms of price differences. The cost of gasoline and diesel has risen markedly by 23% and 34%, respectively. Our ASIAPRESS reporter explained, “There is a rumor that fuel prices are set to rise further.” The actual exchange rate with Chinese RMB is KPW 1,300 and had been stable, but now shows more than a 5% drop of with the North Korean Won. It is not certain whether the economic sanctions are the cause of the changes in the strength of the North Korean currency.

As of Dec. 21, 2017   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

18,100Won

(2.98USD)

6,920Won

(0.84USD)

4,750Won

(0.58USD)

2,200Won

(0.26USD)

1,230Won

(0.15USD)

The surveys were made at two locations. Gasoline and diesel showed a bit of decline. Staple food rose a little. The corn price fluctuated up and down. In general, the price at the market continued to be stable.

As of Dec. 12, 2017   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

18,450Won

(2.26USD)

7,380Won

(0.90USD)

4,500Won

(0.55USD)

2,000Won

(0.24USD)

1,230Won

(0.15USD)

Locations for survey were a city in North Hamgyong Province and Yanggang Province. The prices of both regions showed not much difference. The fuel price, plummeted in the early December, bounced back. The corn went up by 20%. The reporting partner explains: As the corn was poorly harvested this year, the price keeps going up in the market. The prices of daily necessities from China and clothes show gradual falling. Seafood can be found at every market in abundance.

As of Dec. 1, 2017   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

15,990Won

(1.95USD)

6,765Won

(0.82USD)

4,750Won

(0.57USD)

1,600Won

(0.19USD)

1,230Won

(0.15USD)

The research area was Yanggang Province. Diesel price dropped by 40% compared to that of November 26. Gasoline price dropped by 7% as well. The cause is not clear.

As of Nov. 7, 2017   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB

21,250Won

(2.55USD)

17,500Won

(2.1USD)

4,350Won

(0.52USD)

1,800Won

(0.21USD)

1,250Won

Report from Hoeryong City of North Hamgyong Province and Hyesan City of Yanggang Province. Price index of each city is almost identical. The price of rice and corn keeps on going down. It is said that the authority cracks down on use of Chinese Yuan at markets.

As of Oct. 25, 2017   (Chinese 1 RMB rate / Price: North Korean Won per 1kg)

Gasoline Diesel Oil NKRice Corn Chinese RMB
21,780Won 15,700Won 4,600Won 2,100Won 1,210Won

While fuel price keeps going up, rice and corn, namely, the staple food, went down according to market research by ASIAPRESS at Yanggang Province. Reporting partner who has done the research explained “Rice price went down temporarily because it is harvesting season.” The partner also opined that the reason why the fuel price is higher than that of other area is because there is no direct supply of fuel to Yanggang Province.”

Rimjingang_banner001* Editor’s notes on North Korean reporters
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