EU epoxy resins imports up on trade with South Korea

19 August 2013 14:56  [Source: ICIS news]

LONDON (ICIS)--The EU's epoxy resins imports increased, while its exports dropped in June year on year, the latest data by statistics agency Eurostat showed on Monday.

Imports rose by 20%, while exports dropped by 5%.

Most of the increase in imports was material from South Korea. The EU and South Korea signed a free trade agreement in 2011 and since then imports from South Korea have risen sharply (see second table).

Exports dropped because the arbitrage window between Asia and Europe closed and demand overseas is poor.

Epoxy resins imports and exports (source: Eurostat; units: tonnes)

PERIOD/FLOW

IMPORT

EXPORT

June 2012

9,484

13,985

June 2013

11,389

13,225




Change year on year %

20

-5

 

Epoxy resins trade between EU27 and South Korea (tonnes)

Period

Exports

Imports

Jan-December 2010

3,572

5,433

Jan-December 2012

4,599

12,628

Eurostat import/export data is subject to revision as more detailed information becomes available.

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By: Janos Gal
+44 208 652 3214



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