South Korea coal imports have declined on Monthly basis in the first month of CY17. However yearly coal imports have risen by 7%.
South Korea, major coal importers after China, Japan and India, witnessed their coal imports down by3% to 13.68 MnT in Jan’17.Imports have however increased on yearly basis by 7% compared with 12.79 Mnt in Jan’16. As per data collected from Korean customs.
Grade-wise Coal Imports:
South Korea mainly imports Non-coking coal, Coking coal, Anthracite, Pet coke and Met coke.Non-Coking coal accounts for 70% of the total monthly coal imports.
During Jan’17, the country imported 10.07 MnT Non-coking coal, 2.16 MnT Coking coal, 0.58 MnT anthracite and about 0.87 MnT other grades of coal.
| Grade | Jan’17 | Dec’16 | %Change |
| Non Coking | 10.07 | 10.47 | -4% |
| Coking | 2.16 | 2.31 | -6% |
| Anthracite | 0.58 | 0.61 | -5% |
| Pet coke | 0.26 | 0.09 | 189% |
| Met Coke | 0.03 | 0.03 | 0% |
| Others | 0.59 | 0.60 | -2% |
| Total | 13.68 | 14.10 | -3% |
Source: South Korean Customs
Quantities in MnT
Major Exporting Countries:
Indonesia supplied major quantities of coal exports to South Korea followed by Australia, Russia, Canada and Colombia.Top three coal exporting countries (Indonesia, Australia and Russia) supplied 70% of the total coal exports to Korea in Jan’17.
Indonesia exported 3.98 MnT coal in Jan’17.Coal exports were increased by 5% M-o-M and 13% Y-o-Y.
Australia second-largest coal exporter supplied 3.60 MnT in Jan’17. Country’s exports were down both on the monthly and yearly basis.
Russia, third-largest coal exporter, supplied 2.12 MnT coal. Exports were down by 10% M-o-M compared with 2.35 MnT in Dec’16.While exports increased by 10% Y-o-Y against 1.93 MnT in Jan’16.
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