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SOUTH KOREAN OIL PRODUCT EXPORTS SOAR IN 2008.

AsiaPulse News

| June 08, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, June 8 Asia Pulse - South Korean oil product exports rose sharply in 2008, thanks to a rise in crude prices and the diversification of export markets, a government report said Sunday.

The ratio of overseas shipments of oil products to the nation's overall exports stood at 11.5 per cent, taking the top spot in the list of export items last year, according to the report by the Korea Customs Service.

The nation's total exports amounted to US$422 billion in 2008, while oil product exports came to $36.6 billion.

The figure marks the first time that exports of oil products ranked first in the country's list of export items, overtaking exports of ...

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