Petroleum Gas in South Korea 2021 Exports | Imports : $720M | $24.5B, World Rnk 41 / 165 Rnk 132 / 1206 | World Rnk 6 / 221 Rnk 3 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $133M | $2.89B, Chinese Taipei | United States
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Petroleum Gas: -2.03, Rnk 1001 / 1024
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).
June 2023
Overview In June 2023 South Korea's Petroleum Gas exports accounted up to $44.1M and imports accounted up to $2.32B, resulting in a negative trade balance of $2.27B. Between June 2022 and June 2023 the exports of South Korea's Petroleum Gas have increased by $9.7M (28.2%) from $34.4M to $44.1M, while imports decreased by $-10.3M (-0.44%) from $2.33B to $2.32B.
Destinations In June 2023, Petroleum Gas were exported mostly to China ($27M), Japan ($4.91M), Chinese Taipei ($3.08M), United States ($1.62M), and Australia ($715k), and were imported mostly from Australia ($606M), Qatar ($512M), United States ($374M), Malaysia ($257M), and Oman ($170M).
Growth In June 2023, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($3.35M or 193%), United States ($1.28M or 72.3%), and Japan ($859k or 32.2%). In June 2023, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Netherlands ($-42M or -100%), Philippines ($-5.43M or -100%), and Thailand ($-2.54M or -100%).
EXPORT GROWTH (June 2022 - June 2023): $9.7M, (28.2%)
IMPORT GROWTH (June 2022 - June 2023): $-10.3M, (-0.44%)
MAIN DESTINATION (June 2023): China, $27M
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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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).
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Petroleum Gas were:
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