Exports: In 2019, South Korea exported $38.9B in Refined Petroleum, making it the 6th 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 ($6.5B), United States ($4.24B), Japan ($3.95B), Singapore ($3.65B), and Australia ($3.05B).
The fastest growing export markets for Refined Petroleum of South Korea between 2018 and 2019 were United States ($831M), Malta ($296M), and United Kingdom ($257M).
Imports: In 2019, South Korea imported $18.4B in Refined Petroleum, becoming the 10th 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: Chinese Taipei ($2.44B), United Arab Emirates ($2.35B), Russia ($2.32B), Qatar ($1.33B), and Japan ($1.3B).
The fastest growing import markets in Refined Petroleum for South Korea between 2018 and 2019 were Chinese Taipei ($858M), Algeria ($426M), and Iraq ($360M).
Tariffs: In 2018, the average tariff for South Korea in Refined Petroleum was 4.69%. The countries with the highest import tariffs for Refined Petroleum were Angola (5.72%), Burundi (5.72%), Benin (5.72%), Burkina Faso (5.72%), and Botswana (5.72%).