Overview: This page contains the latest trade data of Crude Petroleum in South Korea.
Exports: In 2018, South Korea exported $260M in Crude Petroleum, making it the 58th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 215th most exported product in South Korea. The main destination of Crude Petroleum exports from South Korea are: Philippines ($260M), New Zealand ($67.4k), and Indonesia ($2.04k).
The fastest growing export markets for Crude Petroleum of South Korea between 2017 and 2018 were Philippines ($65.7M), New Zealand ($67.4k), and Indonesia ($2.04k).
Imports: In 2018, South Korea imported $74.8B in Crude Petroleum, becoming the 4th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in South Korea. South Korea imports Crude Petroleum primarily from: Saudi Arabia ($20.7B), Kuwait ($10.2B), Iraq ($8.41B), Russia ($8.08B), and United States ($5.13B).
The fastest growing import markets in Crude Petroleum for South Korea between 2017 and 2018 were Saudi Arabia ($5.38B), United States ($4.37B), and Russia ($4.18B).
Tariffs: In 2018, the average tariff for South Korea in Crude Petroleum was 2.38%. The countries with the highest import tariffs for Crude Petroleum were Angola (3%), Burundi (3%), Benin (3%), Burkina Faso (3%), and Botswana (3%).