South Korea petchem exports up by 7.1% for 1–20 September

01 October 2010 06:04  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s petrochemical exports for the first 20 days of September rose by 7.1% year on year to $2.8bn (€2.04bn), buoyed by higher naphtha prices and low base-year figures, based on trade data released on Friday.

Exports of petrochemicals had previously fallen by 15.8% on a year-on-year basis to $2.62bn in the first three weeks of September 2009, according to the data from South Korea’s Ministry of Knowledge Economy.

The country's overall exports in the same period this year increased by 17.2% year on year to $39.75bn, while imports rose by 16.7% to $34.74bn, the data showed.

Meanwhile, total exports to key markets worldwide had jumped during the first three weeks of September as compared to the same period last year, the ministry said.

Overall exports to the US increased by 48.2% year on year during the period of 1–20 September, while shipments to the EU climbed by 47.7%. Exports to China grew 30.8%, it added.

($1 = €0.73)

With additional reporting by Ong Sheau Ling

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