South Korea’s base oils exports to southeast Asia held firm in August even amid a seasonal slowdown in lube demand in the region.Base oils exports of 72,500t to the region were similar to the previous month and up 22pc from less than 60,000t the same month a year earlier.The firm shipments lifted total exports to southeast Asia to 618,570t in the first eight months of the year, government data showed.The volume was up 5pc from less than 589,000t during the same period last year.Exports held firm on the back of a sustained rise in shipments to markets like Vietnam, Philippines and Singapore.Higher exports to those markets countered a slowdown in shipments to Thailand and Indonesia.Exports to southeast Asia exceeded the volume of shipments to northeast Asia for a second month in August and for the third time this year.Exports to southeast Asia exceeded flows to northeast Asia four times in 2022 and just three times in the decade to 2021. .S Korea Aug exports to NE Asia stay low
South Korea’s base oils exports to southeast Asia held firm in August even amid a seasonal slowdown in lube demand in the region.Base oils exports of 72,500t to the region were similar to the previous month and up 22pc from less than 60,000t the same month a year earlier.The firm shipments lifted total exports to southeast Asia to 618,570t in the first eight months of the year, government data showed.The volume was up 5pc from less than 589,000t during the same period last year.Exports held firm on the back of a sustained rise in shipments to markets like Vietnam, Philippines and Singapore.Higher exports to those markets countered a slowdown in shipments to Thailand and Indonesia.Exports to southeast Asia exceeded the volume of shipments to northeast Asia for a second month in August and for the third time this year.Exports to southeast Asia exceeded flows to northeast Asia four times in 2022 and just three times in the decade to 2021. .S Korea Aug exports to NE Asia stay low
