2021
Exports | Imports
$720M | $24.5BWorld Rnk 41 / 165
Flag Rnk 132 / 1206
World Rnk 6 / 221
Flag Rnk 3 / 1211
2021
ECONOMIC COMPLEXITY of South Korea
1.82Rnk 4 / 131
2021
PRODUCT COMPLEXITY IN Petroleum Gas
-2.03Rnk 1001 / 1024

About

Exports In 2021, South Korea exported $720M in Petroleum Gas, making it the 41st largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 132nd most exported product in South Korea. The main destination of Petroleum Gas exports from South Korea are: China ($368M), Chinese Taipei ($151M), Japan ($47.9M), United States ($21.5M), and Singapore ($17.5M).

The fastest growing export markets for Petroleum Gas of South Korea between 2020 and 2021 were Chinese Taipei ($133M), China ($90M), and Singapore ($13.2M).

Imports In 2021, South Korea imported $24.5B in Petroleum Gas, becoming the 6th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most imported product in South Korea. South Korea imports Petroleum Gas primarily from: United States ($6.61B), Qatar ($5.5B), Australia ($5.05B), Oman ($2B), and Malaysia ($1.57B).

The fastest growing import markets in Petroleum Gas for South Korea between 2020 and 2021 were United States ($2.89B), Australia ($2.37B), and Qatar ($1.83B).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$-2.85M(-8.46%)
IMPORT GROWTH (December 2022 - December 2023)$-1.9B(-30.6%)
MAIN DESTINATION (December 2023)China$9.13M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$720M
IMPORTS (2021)$24.5B
NET TRADE (2021)-$23.8B

In 2021, South Korea exported $720M in Petroleum Gas. The main destinations of South Korea exports on Petroleum Gas were China ($368M), Chinese Taipei ($151M), Japan ($47.9M), United States ($21.5M), and Singapore ($17.5M).

In 2021, South Korea imported $24.5B in Petroleum Gas, mainly from United States ($6.61B), Qatar ($5.5B), Australia ($5.05B), Oman ($2B), and Malaysia ($1.57B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
Chinese Taipei$133M (747%)
China$90M (32.4%)
Singapore$13.2M (306%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY South Korea WERE (2020 - 2021):
United States-$7.05M (-24.7%)
Japan-$4.58M (-8.73%)
Belgium-$852k (-50.3%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, South Korea's main exporting competitors in Petroleum Gas were:
In 2021, South Korea's main importing competitors in Petroleum Gas were:
China $56.6B
Japan $40.2B
Italy $30.5B

Explore Visualizations

Trade Value of Petroleum Gas by Exporters

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