In 2023, South Korea imported over 86 billion U.S. dollars worth of crude oil. This represents a significant increase from 2020, which saw a global collapse in oil prices, slowing down demand worldwide. The value of crude oil imported peaked in 2012, with over 108 billion dollars worth imported that year.
Value of crude oil imported into South Korea from 2004 to 2023
(in billion U.S. dollars)
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Korea International Trade Association. (May 16, 2024). Value of crude oil imported into South Korea from 2004 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association. "Value of crude oil imported into South Korea from 2004 to 2023 (in billion U.S. dollars)." Chart. May 16, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association. (2024). Value of crude oil imported into South Korea from 2004 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association. "Value of Crude Oil Imported into South Korea from 2004 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 May 2024, https://www.statista.com/statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association, Value of crude oil imported into South Korea from 2004 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1289208/south-korea-crude-oil-imports/ (last visited December 22, 2024)
Value of crude oil imported into South Korea from 2004 to 2023 (in billion U.S. dollars) [Graph], Korea International Trade Association, May 16, 2024. [Online]. Available: https://www.statista.com/statistics/1289208/south-korea-crude-oil-imports/
