The document analyzes energy and fuel trade between North Korea and China from 1995 to 2005. Some key findings are: 1) In 2005, energy and fuels accounted for 26% of North Korea's imports from China and 23% of exports by value, with North Korea being a net importer of Chinese crude oil and oil products but a net exporter of electricity and coal to China. 2) North Korean coal and electricity were sold to China at prices 55% and 52% lower than average import prices, while Chinese coal and oil products were sold to North Korea at prices 22% and 17% higher than average export prices. 3) North Korea has increasingly become a net importer of energy and energy-intensive