HS Icon Petroleum Gas in  Flag South Korea

2019
Exports | Imports
: $461M | $21.8B, World Rnk 40 / 152
Flag Rnk 157 / 1200 | World Rnk 3 / 219
Flag Rnk 3 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $6.45M | $481M, Philippines |  Qatar

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Petroleum Gas
: -2.48, Rnk 1023 / 1029

Exports In 2019, South Korea exported $461M in Petroleum Gas, making it the 40th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 157th most exported product in South Korea. The main destination of Petroleum Gas exports from South Korea are: China ($269M), Japan ($51.1M), Chinese Taipei ($19.1M), United States ($17.6M), and Russia ($11.4M).

The fastest growing export markets for Petroleum Gas of South Korea between 2018 and 2019 were Philippines ($6.45M), Japan ($2.21M), and Saudi Arabia ($1.9M).

Imports In 2019, South Korea imported $21.8B in Petroleum Gas, becoming the 3rd 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: Qatar ($7.67B), United States ($3.58B), Australia ($3.34B), Oman ($2.19B), and Malaysia ($1.94B).

The fastest growing import markets in Petroleum Gas for South Korea between 2018 and 2019 were Qatar ($481M), Malaysia ($416M), and Russia ($203M).

Tariffs In 2018, the average tariff for South Korea in Petroleum Gas was 2.62%. The countries with the highest import tariffs for Petroleum Gas were Botswana (Most Favoured Nation duty rate treatement, 4.2%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 4.2%), Cameroon (Most Favoured Nation duty rate treatement, 4.2%), Republic of the Congo (Most Favoured Nation duty rate treatement, 4.2%), and Cape Verde (Most Favoured Nation duty rate treatement, 4.2%).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): $4.54M, (14.3%)

IMPORT GROWTH (June 2020 - June 2021): $491M, (36.5%)

MAIN DESTINATION (June 2021): China, $18.7M

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

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EXPORTS (2019): $461M

IMPORTS (2019): $21.8B

NET TRADE (2019): -$21.4B

In 2019, South Korea exported $461M in Petroleum Gas. The main destinations of South Korea exports on Petroleum Gas were China ($269M), Japan ($51.1M), Chinese Taipei ($19.1M), United States ($17.6M), and Russia ($11.4M).

In 2019, South Korea imported $21.8B in Petroleum Gas, mainly from Qatar ($7.67B), United States ($3.58B), Australia ($3.34B), Oman ($2.19B), and Malaysia ($1.94B).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:

Flow

THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY South Korea WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, South Korea's main exporting competitors in Petroleum Gas were:

In 2019, South Korea's main importing competitors in Petroleum Gas were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Petroleum Gas was 2.62%.

The countries with the highest tariffs for Petroleum Gas in South Korea were Botswana (Most Favoured Nation duty rate treatement, 4.2%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 4.2%), Cameroon (Most Favoured Nation duty rate treatement, 4.2%), Republic of the Congo (Most Favoured Nation duty rate treatement, 4.2%), and Cape Verde (Most Favoured Nation duty rate treatement, 4.2%).