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Where does South Korea get its refined petroleum products? Import sources 2024

In 2024, South Korea imported $24.4 billion of refined petroleum products (36.3 million tonnes), 2.8% of the world total. Its main sources were the United Arab Emirates (20%), Algeria (10%) and Qatar (10%). South Korea was the world’s 10th-largest importer of refined petroleum products.

Summary

Value
$24.4billion
Tonnes
36.3million tonnes
Share of world total
2.8%
World rank
10th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United Arab Emirates5Tonnes: 7,502,601USD per tonne: $66420.4%Sea
Algeria2.5Tonnes: 3,523,512USD per tonne: $70010.1%Sea
Qatar2.4Tonnes: 3,520,267USD per tonne: $69510%Sea
Kuwait2Tonnes: 2,967,638USD per tonne: $6868.3%Sea
Oman1.5Tonnes: 2,131,858USD per tonne: $6956.1%Sea
India1.4Tonnes: 2,097,994USD per tonne: $6865.9%Sea
Iraq1.2Tonnes: 1,927,350USD per tonne: $6455.1%Sea
Malaysia1.2Tonnes: 2,249,185USD per tonne: $5525.1%Sea
Japan1Tonnes: 1,661,639USD per tonne: $6104.2%Sea
Greece0.91Tonnes: 1,222,871USD per tonne: $7453.7%Sea
Singapore re-exports0.81Tonnes: 1,493,390USD per tonne: $5433.3%Sea
United States0.73Tonnes: 973,207USD per tonne: $7463%Sea
Saudi Arabia0.67Tonnes: 992,768USD per tonne: $6752.7%Sea
Nigeria0.65Tonnes: 926,101USD per tonne: $7072.7%Sea
Indonesia0.4Tonnes: 563,004USD per tonne: $7031.6%Sea
Thailand0.38Tonnes: 482,783USD per tonne: $7911.6%Sea
China0.24Tonnes: 353,932USD per tonne: $6850.99%Sea
Peru0.14Tonnes: 174,995USD per tonne: $8100.58%Sea
Netherlands re-exports0.14Tonnes: 173,825USD per tonne: $7940.56%Sea
Bahrain0.14Tonnes: 199,661USD per tonne: $6860.56%Sea

Trend

Who it buys from

The United Arab Emirates has been its main source since 2001

Value in USD billions. The five largest sources in 2024.

  • United Arab Emirates 5
  • Algeria 2.5
  • Qatar 2.4
  • Kuwait 2
  • Oman 1.5

Source: CEPII BACI

Show the numbers
Partner19952024
United Arab Emirates0.125
Algeria0.142.5
Qatar< 0.012.4
Kuwait0.512
Oman0.011.5

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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