Mineral fuels, oils and their products: South Korea exports and imports
HS chapter 27 · 광물성 연료ㆍ광물유(鑛物油)와 이들의 증류물, 역청(瀝靑)물질, 광물성 왁스 · latest month: October 2026
In October 2026, South Korea exported $7.26 billion of mineral fuels, oils and their products (HS 27), down 6.3% from September 2026 and up 84.7% from October 2025.
Over the 12 months to October 2026, exports of mineral fuels, oils and their products (HS 27) totalled $66.58 billion, up 40.1% from the 12 months before ($47.53 billion).
The largest destination over the 12 months to October 2026 was Australia ($13.84 billion, 20.8% of the total), followed by the United States and Japan.
That was 6.3% of South Korea's total goods exports over the same 12 months.
Imports in October 2026 were $18.54 billion (up 56.2% from October 2025), leaving a deficit of $11.27 billion for the month.
Official description of HS 27: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes.
Last 24 months
Headings under chapter 27
Top destinations
Export value over the 12 months to October 2026. 171 countries received this product from South Korea in the last 24 months; the table shows the largest 20.
| Rank | Country | Exports, 12 months | Share | vs 12 months before | Rank before | October 2026 |
|---|---|---|---|---|---|---|
| 1 | Australia | $13.84B | 20.8% | +89.4% | 1 | $1.76B |
| 2 | United States | $7.60B | 11.4% | +35.2% | 4 | $882.3M |
| 3 | Japan | $6.29B | 9.4% | +4.7% | 2 | $660.4M |
| 4 | Singapore | $5.99B | 9.0% | +0.8% | 3 | $598.5M |
| 5 | Philippines | $5.58B | 8.4% | +55.6% | 5 | $528.5M |
| 6 | New Zealand | $3.67B | 5.5% | +76.4% | 8 | $450.9M |
| 7 | China | $3.28B | 4.9% | -6.0% | 6 | $351.9M |
| 8 | Vietnam | $3.20B | 4.8% | +38.8% | 7 | $257.8M |
| 9 | Malaysia | $2.82B | 4.2% | +56.7% | 9 | $262.5M |
| 10 | Netherlands | $2.20B | 3.3% | +232.2% | 14 | $290.3M |
| 11 | India | $1.67B | 2.5% | +30.4% | 11 | $277.8M |
| 12 | Taiwan | $1.63B | 2.5% | +26.1% | 10 | $124.6M |
| 13 | Bangladesh | $1.39B | 2.1% | +89.6% | 13 | $149.1M |
| 14 | Guam | $858.6M | 1.3% | +205.5% | 19 | $35.3M |
| 15 | Indonesia | $841.3M | 1.3% | +153.6% | 17 | $85.9M |
| 16 | Angola | $592.1M | 0.9% | +11.1% | 15 | $118.2M |
| 17 | Hong Kong | $579.8M | 0.9% | -34.5% | 12 | $49.2M |
| 18 | Canada | $420.2M | 0.6% | +675.1% | 34 | $65.1M |
| 19 | Chile | $387.2M | 0.6% | -20.9% | 16 | $3.5M |
| 20 | Thailand | $350.4M | 0.5% | +27.2% | 20 | $42.1M |
Countries are linked when exports of this product to them reached $1,000,000 over 24 months.
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $7.26B | +84.7% | 5,439,521 t | $1.34 | $18.54B | 28,597,603 t |
| September 2026 | $7.75B | +79.3% | 5,872,861 t | $1.32 | $14.58B | 27,561,095 t |
| August 2026 | $7.16B | +68.1% | 6,026,748 t | $1.19 | $14.08B | 29,330,500 t |
| July 2026 | $6.26B | +42.1% | 5,747,148 t | $1.09 | $16.22B | 31,750,925 t |
| June 2026 | $5.54B | +41.7% | 5,268,114 t | $1.05 | $14.30B | 25,808,374 t |
| May 2026 | $5.27B | +40.4% | 4,414,334 t | $1.19 | $14.33B | 23,965,942 t |
| April 2026 | $5.16B | +34.2% | 3,698,313 t | $1.39 | $12.64B | 23,632,352 t |
| March 2026 | $6.44B | +85.7% | 5,304,941 t | $1.21 | $11.79B | 26,753,120 t |
| February 2026 | $4.21B | +3.4% | 5,803,533 t | $0.73 | $11.12B | 28,648,646 t |
| January 2026 | $3.87B | +7.3% | 5,945,675 t | $0.65 | $12.05B | 32,460,161 t |
| December 2025 | $4.28B | +3.8% | 6,503,274 t | $0.66 | $11.25B | 29,238,340 t |
| November 2025 | $3.38B | -11.9% | 4,805,995 t | $0.70 | $10.26B | 27,246,651 t |
| October 2025 | $3.93B | +8.7% | 5,771,684 t | $0.68 | $11.86B | 29,898,879 t |
| September 2025 | $4.32B | +3.8% | 6,281,083 t | $0.69 | $11.30B | 29,788,739 t |
| August 2025 | $4.26B | -7.5% | 6,285,610 t | $0.68 | $12.79B | 32,739,691 t |
| July 2025 | $4.41B | -5.9% | 6,380,976 t | $0.69 | $11.67B | 30,557,088 t |
| June 2025 | $3.91B | +1.0% | 5,786,724 t | $0.68 | $10.14B | 25,129,585 t |
| May 2025 | $3.76B | -21.1% | 5,922,419 t | $0.63 | $11.68B | 26,730,321 t |
| April 2025 | $3.84B | -15.1% | 5,831,941 t | $0.66 | $11.85B | 25,906,656 t |
| March 2025 | $3.47B | -28.9% | 4,974,739 t | $0.70 | $12.05B | 25,289,267 t |
| February 2025 | $4.07B | -11.3% | 5,648,813 t | $0.72 | $11.39B | 25,643,240 t |
| January 2025 | $3.61B | -27.4% | 4,982,653 t | $0.72 | $13.85B | 30,954,268 t |
| December 2024 | $4.12B | -11.1% | 5,901,974 t | $0.70 | $12.76B | 29,735,448 t |
| November 2024 | $3.84B | -17.8% | 5,448,979 t | $0.70 | $12.53B | 27,718,566 t |
Exports FOB, imports CIF, US dollars. Weight is net weight. "vs year earlier" compares export value with the same month one year before and is left blank when that month was under $10,000. Source: Korea Customs Service, via data.go.kr.