South Korea’s December Crude Oil Imports Rise 2.7 Percent
Imports (SKIMCRTT) rose to 79.8 million barrels from 77.7 million a year earlier, the ministry said in an e-mailed statement today, without providing reasons for the change. The country’s import bill jumped 35 percent to $9.1 billion after prices increased 31 percent to $113.80 a barrel, the ministry said.
Natural gas imports rose 91 percent to $4.33 billion in December, while coal shipments gained 39 percent to $1.7 billion, according to the ministry.
South Korea’s oil-product exports rose 48 percent from a year earlier to $4.59 billion last month. Petrochemical exports gained 12 percent to $3.57 billion.
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