Australian steam coal exports expanded in July

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.

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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