In confirmation of robust demand for Australian material, Australian steam coal exports increased to the highest level since December at 19m tonnes in July, up 15.4% m-o-m and up 5.4% y-o-y. Japan remained the top destination for Australian coal in July, at 6.8m tonnes, up 8.1% m-o-m but still was 2.6% lower y-o-y. Dispatches to China increased to 4.5m tonnes, up 11.8% m-o-m and up 4.9% y-o-y. Exports to South Korea increased to 3.6m tonnes, up 41.2% m-o-m and up 33.9% y-o-y. Shipments to Taiwan increased to 2.5m tonnes, up 74.2% m-o-m and up 9.4% y-o-y.
Despite the jump in July’s shipments, Australian exports remained relatively steady at 116.3m tonnes over the first 7 months of the year, up 1.4m tonnes or 1.2% y-o-y. Shipments to Japan increased to 46.2m tonnes, up 2m tonnes or 4.6% y-o-y. Exports to China increased to 24.8m tonnes, up 5.3m tonnes or 27.1% y-o-y. On the other hand, exports to South Korea declined to 18.4m tonnes, down 2.5 tonnes or 12% y-o-y. Shipments to Taiwan declined to 13.4m tonnes, down 300KT or 2.2% y-o-y.
Source: Australian Bureau of Statistics