HS Icon Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes in  Flag South Korea

2020
Exports | Imports
: $25.9B | $80.9B, World Rnk 20 / 216
Flag Rnk 5 / 96 | World Rnk 5 / 224
Flag Rnk 2 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $58.3M | $543M, Pakistan |  Brazil

2020
ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127

2020
PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...
: -0.058, Rnk 567 / 1029

Exports In 2020, South Korea exported $25.9B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., making it the 20th largest exporter of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 5th most exported product in South Korea. The main destination of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... exports from South Korea are: China ($7B), Japan ($2.93B), United States ($2.41B), Singapore ($1.97B), and Australia ($1.64B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... of South Korea between 2019 and 2020 were Pakistan ($58.3M), Brunei ($44.4M), and Djibouti ($28.1M).

Imports In 2020, South Korea imported $80.9B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., becoming the 5th largest importer of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 2nd most imported product in South Korea. South Korea imports Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... primarily from: Saudi Arabia ($13.3B), United States ($9.84B), Russia ($9.17B), Australia ($6.59B), and Qatar ($5.68B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... for South Korea between 2019 and 2020 were Brazil ($543M), Greece ($494M), and United Kingdom ($484M).

September 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (September 2021 - September 2022): $1.9B, (51.4%)

IMPORT GROWTH (September 2021 - September 2022): $7.5B, (60.5%)

MAIN DESTINATION (September 2022): Australia, $971M

This section shows Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...'s exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... over time.

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Historical Data

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EXPORTS (2020): $25.9B

IMPORTS (2020): $80.9B

NET TRADE (2020): -$55B

In 2020, South Korea exported $25.9B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral.... The main destinations of South Korea exports on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were China ($7B), Japan ($2.93B), United States ($2.41B), Singapore ($1.97B), and Australia ($1.64B).

In 2020, South Korea imported $80.9B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., mainly from Saudi Arabia ($13.3B), United States ($9.84B), Russia ($9.17B), Australia ($6.59B), and Qatar ($5.68B).

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Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... BY South Korea WERE (2019 - 2020):

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Market Concentration

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In 2020, South Korea's main exporting competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

In 2020, South Korea's main importing competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

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