HS Icon Refined Petroleum in  Flag South Korea

2020
Exports | Imports
: $23.3B | $12.9B, World Rnk 7 / 212
Flag Rnk 3 / 1207 | World Rnk 9 / 224
Flag Rnk 4 / 1211

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

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, South Korea exported $23.3B in Refined Petroleum, making it the 7th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in South Korea. The main destination of Refined Petroleum exports from South Korea are: China ($5.62B), Japan ($2.75B), United States ($2.37B), Singapore ($1.91B), and Australia ($1.55B).

Imports In 2020, South Korea imported $12.9B in Refined Petroleum, becoming the 9th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in South Korea. South Korea imports Refined Petroleum primarily from: Russia ($1.65B), United Arab Emirates ($1.55B), Japan ($1.14B), China ($1.07B), and India ($901M).

The fastest growing import markets in Refined Petroleum for South Korea between 2019 and 2020 were Greece ($494M), Iraq ($263M), and United States ($209M).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (September 2021 - September 2022): $1.88B, (54.1%)

IMPORT GROWTH (September 2021 - September 2022): $-480M, (-20.8%)

MAIN DESTINATION (September 2022): Australia, $964M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

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EXPORTS (2020): $23.3B

IMPORTS (2020): $12.9B

NET TRADE (2020): $10.3B

In 2020, South Korea exported $23.3B in Refined Petroleum. The main destinations of South Korea exports on Refined Petroleum were China ($5.62B), Japan ($2.75B), United States ($2.37B), Singapore ($1.91B), and Australia ($1.55B).

In 2020, South Korea imported $12.9B in Refined Petroleum, mainly from Russia ($1.65B), United Arab Emirates ($1.55B), Japan ($1.14B), China ($1.07B), and India ($901M).

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Market Concentration

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In 2020, South Korea's main exporting competitors in Refined Petroleum were:

In 2020, South Korea's main importing competitors in Refined Petroleum were:

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