South Korea’s Energy Imports Decline in Q2

Seoul, July 31 (QNA) – South Korea’s imports of energy declined slightly in the second quarter of 2014 from a year earlier, customs data showed Thursday.

According to the data by the Korea Customs Service, South Korea imported US$34.35 billion worth of energy during the April-June period, down 1.7 percent from the same period a year earlier, according to Yonhap news agency.

The energy imports accounted for 26.3 percent of the country’s total imports, down 1.3 percentage points from a year earlier.

The amount of energy imports also fell 1.1 percent over the same period to 71.57 million tons, the data showed.

South Korea purchased 33.48 million tons of coal from overseas, 46.8 percent of the total. Imports of crude oil and natural gas came to 29.1 million tons and 8.98 million tons, accounting for 40.7 percent and 12.6 percent, according to the data.(QNA)

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