South Korean Coal Imports Up by 12% in Sep’16

South Korea’s Sep’16 coal Imports recorded a growth of 12% to 12.5 MnT. Besides yearly imports rise by 16.9% during the month.

South Korea, world’s 4th largest coal importer, received around 12.5 MnT coal in Sep’16, according to the trade statistics released by South Korean Customs.

Country’s coal imports have increased by 12% on monthly basis as it was 11.2 MnT in Aug’16. While, Yearly coal imports in Sep’16 have also rose by 16.9% when compared with Sep’15.

Grade-wise coal import in Sep’16
Out of the total imports, the country receives more than 85% bituminous coal from the different origins and rest quantity comprises Anthracite, Coke and Pet coke every month.

Source: South Korean Customs
Quantity in MnT

South Korea coal import in 2016
In the 1st nine month of the year, South Korea has imported about 99.9 MnT coal with a downfall of 3%, which was 102.8 MnT in the same consecutive period last year.

Australia, the largest exporter of coal to South Korea, supplied more than 40% coal every month. The county exported about 4.6 MnT to South Korea in Sep’16, up by 12.5% M-o-M and fallen by 14.2% Y-o-Y.

Indonesia, the second-largest coal exporter to South Korea, shipped about 3.5 MnT coal during Sep’16 with a marginal growth of 1.2 % M-o-M. In contrast, yearly exports has noted a significant growth of 45.4% which was 2.4 MnT in Sep’15.

Russia, the third largest coal exporter to South Korea, exported around 2.9 MnT coal in Sep’16, noted a significant growth by 40.3% M-o-M and 75.7% Y-o-Y.