2023
Exports
$322MWorld Rnk 58 / 163
Flag Rnk 190 / 1188
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$21.6BWorld Rnk 9 / 220
Flag Rnk 2 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $322M in Petroleum Gas, making it the 58th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 190th most exported product in South Korea. The main destination of Petroleum Gas exports from South Korea are: China ($156M), Japan ($45.5M), Chinese Taipei ($31.6M), United States ($22M), and Australia ($11.5M).

The fastest growing export markets for Petroleum Gas of South Korea between 2022 and 2023 were Japan ($8.83M), Netherlands ($1.99M), and New Zealand ($602k).

Imports In 2023, South Korea imported $21.6B in Petroleum Gas, becoming the 9th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most imported product in South Korea. South Korea imports Petroleum Gas primarily from: Qatar ($10.6B), United States ($4.2B), Malaysia ($2.94B), Indonesia ($1.44B), and Nigeria ($583M).

The fastest growing import markets in Petroleum Gas for South Korea between 2022 and 2023 were Qatar ($2.08B), Brunei ($79.2M), and Singapore ($78.3M).

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-6.46M(-21.7%)
IMPORT GROWTH (January 2024 - January 2025)$-799M(-20.6%)
MAIN DESTINATION (January 2025)China$5.71M

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 (2023)$322M
IMPORTS (2023)$21.6B
NET TRADE (2023)-$21.2B

In 2023, South Korea exported $322M in Petroleum Gas. The main destinations of South Korea exports on Petroleum Gas were China ($156M), Japan ($45.5M), Chinese Taipei ($31.6M), United States ($22M), and Australia ($11.5M).

In 2023, South Korea imported $21.6B in Petroleum Gas, mainly from Qatar ($10.6B), United States ($4.2B), Malaysia ($2.94B), Indonesia ($1.44B), and Nigeria ($583M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Japan$8.83M (24.1%)
Netherlands$1.99M (111%)
New Zealand$602k (21.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY South Korea WERE (2022 - 2023):
China-$103M (-39.8%)
Spain-$35.1M (-97.9%)
United States-$15.7M (-41.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Petroleum Gas were:
In 2023, South Korea's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $150M
TOP IMPORT POTENTIALRussia+ $1.06B

Petroleum Gas’s highest export potential is China. With an export gap of $150M.   Petroleum Gas’s highest import potential is Russia with an import gap of $1.06B.

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