China's `Friendly' Neighbors Seize Coal Share From Australia
- Australia’s share of China imports is near lowest since 2012
- Russia and Mongolia boost stakes as rival’s shipments curbed
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China’s move to stifle coal imports from Australia is hurting its No. 2 supplier, with shipment figures showing the exporter conceding share in the world’s largest market.
Cargoes from Australia accounted for 18 percent of China’s overseas purchases in March, near the lowest since 2012, according to customs data and Bloomberg calculations. Meanwhile, Russia and Mongolia steadily built their share in the past few months as customs delay hobbled their rival. Top shipper Indonesia maintained its stake at about 50 percent.