China imports 57% coal from Vietnamese last year

BEIJING: China imported 57 percent coal from Vietnamese in 2014 .Vietnam exported 4.1 million tons of coal to China, earning 244 million U.S.dollars, down 58.05 percent in volume and 58.15 percent in value year-on-year.

China was followed by South Korea on the list of top coal importers of Vietnam. SouthKorea bought 1.3 million tons of coal from Vietnam worth 92.4 million U.S. dollars, up23.72 percent in volume and 12.36 percent in value year-on-year.

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In 2014, Vietnam witnessed drop in exports of coal in over half of its markets. Thesharpest fall could be seen in coal exports to Malaysia with a drop of 81.03 percent involume and 82 percent in value year-on-year, said VITIC on its website on Thursday.

Meanwhile, exports of Vietnamese coal to Indonesia saw remarkable year-on-year hikeswith 402.19 percent in volume and 198.41 percent in value. The country earned 12.3million U.S. dollars from exporting 151,600 tons of coal to Indonesia in 2014.

Last year, Vietnam sold 7.2 million tons of coal abroad to pocket 556.4 million U.S.dollars, down 43.25 percent in volume and 39.25 percent in value year-on-year, reportedVITIC.