Mineral fuels, mineral oils and products of their distillation in   South Korea

Overview In September 2024 South Korea's Mineral fuels, mineral oils and products of their distillation exports accounted up to $4.21B and imports accounted up to $12.5B, resulting in a negative trade balance of $8.25B. Between September 2023 and September 2024 the exports of South Korea's   Mineral fuels, mineral oils and products of their distillation have decreased by $-894M (-17.5%) from $5.11B to $4.21B, while imports decreased by $-1.13B (-8.33%) from $13.6B to $12.5B.

Destinations In September 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Australia ($821M), Japan ($546M), United States ($462M), Singapore ($361M), and Philippines ($340M), and were imported mostly from Saudi Arabia ($2.49B), United States ($1.72B), United Arab Emirates ($1.28B), Australia ($1.26B), and Qatar ($995M).

Growth In September 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-105M or -69.4%), Togo ($-80.5M or -49%), and Iraq ($-42.6M or -99.6%). In September 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Russia ($-1.12B or -67.1%), Saudi Arabia ($-309M or -10.5%), and Kuwait ($-293M or -30.3%).