(Updates with import value in second paragraph.)
Oct. 1 (Bloomberg) -- South Korea, the world’s fifth- largest crude oil importer, increased imports of the fuel by 8.2 percent last month, the Ministry of Knowledge Economy said in an e-mailed statement today.
Imports rose to 81 million barrels from 74.9 million barrels a year earlier, the ministry said. The country’s import bill increased 56.7 percent to $8.8 billion after benchmark Dubai prices rose 40.6 percent to $105.7 a barrel, it said, citing preliminary figures provided by Korea Customs Service.
South Korea’s oil-product exports rose 4.4 percent last month to 30.6 million barrels. Shipments to Europe rose 49.8 percent, the most among all destinations, followed by a 38 percent in exports to Japan, the ministry said, citing values for the first 20 days of September.
Oil-product exports rose 56.8 percent by value in September with petrochemical shipments up 30.9 percent.
Gas import costs increased 104 percent to $3.3 billion, while coal costs jumped 73.4 percent to $1.9 billion, according to the ministry.
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