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Singapore emerges as largest importer of S. Korean petchems

by ChemOrbis Editorial Team -
  • 21/09/2015 (12:18)
According to media reports, Singapore maintained its position as the largest importer of petrochemical products from South Korea in the first half of 2015. Singapore had overtaken China in 2014 and maintained its position in the January-June period of the current year. Singapore’s emergence as the largest importer of South Korean petrochemical products was mainly attributed to a decrease in demand from China as China continues to build up its own petrochemical sector.

South Korea exported 228.19 million barrels of petrochemical products to 56 countries in the January-June period, according to data released by the Korea National Oil Corp. and the Korean Petroleum Association.
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