Refined petroleum oils: South Korea exports and imports
HS 2710 · 석유와 역청유(瀝靑油)(원유는 제외한다), 따로 분류되지 않은 조제품[석유나 역청유(瀝靑油)의 함유량이 전 중량의 100분의 70 이상인 것으로서 조제품의 기초 성분이 석유나 역청유(瀝靑油)인 것으로 한정한다], 웨이스트 오일(waste oil) · latest month: October 2026
Exports, October 2026
$6.93B
-7.7% vs previous month
vs same month a year earlier
+84.0%
export value
Exports, last 12 months
$64.06B
+43.3% vs 12 months before
Imports, October 2026
$1.96B
Export value per kg
$1.37
net weight, October 2026
In October 2026, South Korea exported $6.93 billion of refined petroleum oils (HS 2710), down 7.7% from September 2026 and up 84.0% from October 2025.
Over the 12 months to October 2026, exports of refined petroleum oils (HS 2710) totalled $64.06 billion, up 43.3% from the 12 months before ($44.71 billion).
The largest destination over the 12 months to October 2026 was Australia ($13.69 billion, 21.4% of the total), followed by the United States and Singapore.
That was 96.2% of South Korea's exports under HS chapter 27 (mineral fuels, oils and their products) over the same 12 months.
Imports in October 2026 were $1.96 billion (up 16.9% from October 2025), leaving a surplus of $4.97 billion for the month.
Official description of HS 2710: Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
Last 24 months
Subheadings under HS 2710
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 2710.12 | Light oils and preparations | $14.01B | 21.9% | +10.2% | $1.50B |
| 2710.12.1000 | Motor spirit | $12.20B | 87.1% | +22.4% | $1.31B |
| 2710.12.2000 | Aviation spirit | $42.7M | 0.3% | +29.4% | $3.5M |
| 2710.12.3000 | Propylene tetramer | $0 | 0.0% | – | $0 |
| 2710.12.4000 | Naphtha | $1.52B | 10.9% | -36.1% | $151.0M |
| 2710.12.5000 | Natural gas liquid | $0 | 0.0% | -100.0% | $0 |
| 2710.12.9000 | Other | $243.3M | 1.7% | -26.4% | $26.4M |
| 2710.19 | Other | $50.02B | 78.1% | +56.3% | $5.43B |
| 2710.19.1010 | Jet fuel | $4,076 | 0.0% | -65.5% | $0 |
| 2710.19.1090 | Other | $17.0M | 0.0% | +11.8% | $1.7M |
| 2710.19.2010 | Kerosene | $395.7M | 0.8% | -44.0% | $29.8M |
| 2710.19.2020 | Jet fuel | $14.01B | 28.0% | +80.2% | $1.50B |
| 2710.19.2030 | n-paraffin | $77.1M | 0.2% | +73.1% | $6.3M |
| 2710.19.2090 | Other | $78.6M | 0.2% | +24.9% | $7.8M |
| 2710.19.3000 | Gas oils | $26.43B | 52.8% | +51.5% | $2.80B |
| 2710.19.4010 | Light fuel oil (bunker A) | $5.5M | 0.0% | -8.2% | $0 |
| 2710.19.4020 | Fuel oil (bunker B) | $0 | 0.0% | – | $0 |
| 2710.19.4030 | Bunker C | $568.1M | 1.1% | -3.4% | $20.0M |
| 2710.19.4090 | Other | $9.6M | 0.0% | -42.7% | $2.2M |
| 2710.19.5010 | Raw oils | $457K | 0.0% | – | $457K |
| 2710.19.5020 | Lubricating base oil | $6.55B | 13.1% | +78.7% | $894.4M |
| 2710.19.6000 | Extender oil | $4,957 | 0.0% | – | $0 |
| 2710.19.7110 | Aviation engine oil | $67K | 0.0% | -5.9% | $0 |
| 2710.19.7120 | Engine oil for automotive | $641.7M | 1.3% | +33.6% | $71.4M |
| 2710.19.7130 | Engine oil for marine use | $50.6M | 0.1% | +6.2% | $4.8M |
| 2710.19.7190 | Other | $3.2M | 0.0% | -25.8% | $85K |
| 2710.19.7210 | Cylinder oil | $1.9M | 0.0% | -22.5% | $114K |
| 2710.19.7220 | Spindle oil | $3.4M | 0.0% | +27.1% | $411K |
| 2710.19.7230 | Gear oil | $44.5M | 0.1% | +45.0% | $3.4M |
| 2710.19.7240 | Turbine oil | $1.5M | 0.0% | +10.5% | $279K |
| 2710.19.7250 | Refrigerating machine oil | $3.8M | 0.0% | +10.9% | $403K |
| 2710.19.7310 | Compound oil | $805 | 0.0% | – | $132 |
| 2710.19.7320 | Liquid paraffin | $48.9M | 0.1% | -0.6% | $5.3M |
| 2710.19.7330 | Automatic transmission fluid | $91.5M | 0.2% | +46.6% | $8.3M |
| 2710.19.7410 | Anti-corrosive oil | $2.6M | 0.0% | -16.7% | $309K |
| 2710.19.7420 | Cutting oil | $4.2M | 0.0% | -14.4% | $356K |
| 2710.19.7430 | Cleansing oil | $1.1M | 0.0% | +41.2% | $92K |
| 2710.19.7440 | Mould release oil | $939K | 0.0% | +16.8% | $117K |
| 2710.19.7450 | Hydraulic brake oil | $10.2M | 0.0% | +14.7% | $562K |
| 2710.19.7510 | Process oil | $135.0M | 0.3% | -2.4% | $9.0M |
| 2710.19.7520 | Insulating oil | $10.5M | 0.0% | -46.6% | $211K |
| 2710.19.7530 | Heat treating oil | $396K | 0.0% | +2.9% | $32K |
| 2710.19.7540 | Heat transfer oil | $1.3M | 0.0% | -38.8% | $135K |
| 2710.19.7900 | Other | $71.7M | 0.1% | +23.4% | $7.9M |
| 2710.19.8010 | Containing aluminium as additive | $207K | 0.0% | +112.8% | $12K |
| 2710.19.8020 | Containing calcium as additive | $4,228 | 0.0% | – | $0 |
| 2710.19.8030 | Containing sodium as additive | $1,950 | 0.0% | – | $0 |
| 2710.19.8040 | Containing lithium as additive | $8.1M | 0.0% | +6.9% | $514K |
| 2710.19.8090 | Other | $28.7M | 0.1% | +6.2% | $2.3M |
| 2710.19.9000 | Other | $718.3M | 1.4% | -0.2% | $49.5M |
| 2710.20 | Petroleum oils and oils obtained from bituminous minerals(other than crude) and preparations not elsewhere specified or | $25.9M | 0.0% | +629.9% | $7.0M |
| 2710.20.1010 | Motor spirit | $0 | 0.0% | – | $0 |
| 2710.20.1020 | Aviation spirit | $0 | 0.0% | – | $0 |
| 2710.20.1030 | Propylene tetramer | $0 | 0.0% | – | $0 |
| 2710.20.1040 | Naphtha | $18K | 0.1% | -73.3% | $0 |
| 2710.20.1090 | Other | $0 | 0.0% | – | $0 |
| 2710.20.9110 | Jet fuel | $0 | 0.0% | – | $0 |
| 2710.20.9190 | Other | $0 | 0.0% | – | $0 |
| 2710.20.9210 | Kerosene | $0 | 0.0% | – | $0 |
| 2710.20.9230 | n-paraffin | $0 | 0.0% | – | $0 |
| 2710.20.9290 | Other | $1 | 0.0% | – | $0 |
| 2710.20.9300 | Gas oils | $4 | 0.0% | – | $4 |
| 2710.20.9410 | Light fuel oil (bunker A) | $0 | 0.0% | – | $0 |
| 2710.20.9420 | Fuel oil (bunker B) | $0 | 0.0% | – | $0 |
| 2710.20.9430 | Bunker C | $22.2M | 85.6% | – | $6.5M |
| 2710.20.9490 | Other | $0 | 0.0% | – | $0 |
| 2710.20.9520 | Lubricating base oil | $167K | 0.6% | +1.8% | $25K |
| 2710.20.9711 | Aviation engine oil | $0 | 0.0% | – | $0 |
| 2710.20.9712 | Engine oil for automotive | $1.4M | 5.5% | -12.1% | $178K |
| 2710.20.9713 | Engine oil for marine use | $501K | 1.9% | +3,803% | $83K |
| 2710.20.9719 | Other | $2,718 | 0.0% | – | $0 |
| 2710.20.9721 | Cylinder oil | $0 | 0.0% | – | $0 |
| 2710.20.9722 | Spindle oil | $36K | 0.1% | +82.9% | $4,816 |
| 2710.20.9723 | Gear oil | $33K | 0.1% | +51.8% | $102 |
| 2710.20.9724 | Turbine oil | $0 | 0.0% | – | $0 |
| 2710.20.9725 | Refrigerating machine oil | $27K | 0.1% | – | $0 |
| 2710.20.9731 | Compound oil | $0 | 0.0% | -100.0% | $0 |
| 2710.20.9732 | Liquid paraffin | $3,585 | 0.0% | – | $0 |
| 2710.20.9733 | Automatic transmission fluid | $14K | 0.1% | -96.1% | $0 |
| 2710.20.9741 | Anti-corrosive oil | $5,297 | 0.0% | – | $0 |
| 2710.20.9742 | Cutting oil | $165K | 0.6% | -2.1% | $5,934 |
| 2710.20.9743 | Cleansing oil | $0 | 0.0% | – | $0 |
| 2710.20.9744 | Mould release oil | $0 | 0.0% | – | $0 |
| 2710.20.9745 | Hydraulic brake oil | $360K | 1.4% | +74.0% | $41K |
| 2710.20.9751 | Process oil | $0 | 0.0% | – | $0 |
| 2710.20.9752 | Insulating oil | $0 | 0.0% | – | $0 |
| 2710.20.9753 | Heat treating oil | $0 | 0.0% | – | $0 |
| 2710.20.9754 | Heat transfer oil | $226K | 0.9% | – | $0 |
| 2710.20.9790 | Other | $399K | 1.5% | -5.8% | $56K |
| 2710.20.9810 | Containing aluminium as additive | $0 | 0.0% | – | $0 |
| 2710.20.9820 | Containing calcium as additive | $75K | 0.3% | – | $75K |
| 2710.20.9840 | Containing lithium as additive | $1,521 | 0.0% | – | $0 |
| 2710.20.9890 | Other | $164K | 0.6% | -46.4% | $8,319 |
| 2710.20.9900 | Other | $102K | 0.4% | -28.4% | $17K |
| 2710.91 | Containing polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs) | $0 | 0.0% | – | $0 |
| 2710.91.1090 | Other | $0 | – | – | $0 |
| 2710.91.2090 | Other | $0 | – | – | $0 |
| 2710.91.5000 | Of raw oils, lubricating oil (other than extender oil) and lubricating base oil | $0 | – | – | $0 |
| 2710.91.9000 | Other | $0 | – | – | $0 |
| 2710.99 | Other | $22K | 0.0% | -87.5% | $0 |
| 2710.99.1010 | Of motor spirit, aviation spirit and jet fuel | $0 | 0.0% | – | $0 |
| 2710.99.1090 | Other | $0 | 0.0% | – | $0 |
| 2710.99.3000 | Of gas oils | $821 | 3.7% | – | $0 |
| 2710.99.4010 | Of light fuel oil (bunker A), fuel oil (bunker B) and bunker C | $0 | 0.0% | – | $0 |
| 2710.99.4090 | Other | $0 | 0.0% | – | $0 |
| 2710.99.5000 | Of raw oils, lubricating oil (other than extender oil) and lubricating base oil | $0 | 0.0% | – | $0 |
| 2710.99.9000 | Other | $21K | 96.3% | -88.0% | $0 |
Six-digit codes are international; the indented ten-digit codes are South Korea's own subdivision. These rows are world totals; "Share" is the share of the row above.
Top destinations
Export value over the 12 months to October 2026. 167 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 | $13.69B | 21.4% | +90.0% | 1 | $1.75B |
| 2 | United States | $7.45B | 11.6% | +40.0% | 4 | $877.1M |
| 3 | Singapore | $5.96B | 9.3% | +2.0% | 2 | $594.4M |
| 4 | Japan | $5.93B | 9.3% | +5.0% | 3 | $605.9M |
| 5 | Philippines | $5.52B | 8.6% | +55.4% | 5 | $526.9M |
| 6 | New Zealand | $3.64B | 5.7% | +74.9% | 8 | $447.0M |
| 7 | Vietnam | $3.11B | 4.9% | +39.5% | 7 | $245.9M |
| 8 | Malaysia | $2.76B | 4.3% | +56.1% | 9 | $249.4M |
| 9 | China | $2.67B | 4.2% | +10.7% | 6 | $275.3M |
| 10 | Netherlands | $2.18B | 3.4% | +243.7% | 14 | $287.0M |
| 11 | Bangladesh | $1.39B | 2.2% | +89.6% | 13 | $149.1M |
| 12 | India | $1.36B | 2.1% | +32.5% | 11 | $232.5M |
| 13 | Taiwan | $1.27B | 2.0% | +9.6% | 10 | $58.2M |
| 14 | Guam | $855.1M | 1.3% | +206.4% | 19 | $35.2M |
| 15 | Indonesia | $806.8M | 1.3% | +164.1% | 17 | $82.7M |
| 16 | Angola | $592.1M | 0.9% | +11.1% | 15 | $118.2M |
| 17 | Hong Kong | $577.7M | 0.9% | -34.6% | 12 | $49.1M |
| 18 | Canada | $384.9M | 0.6% | +937.9% | 37 | $53.3M |
| 19 | Chile | $384.5M | 0.6% | -21.0% | 16 | $3.1M |
| 20 | Thailand | $342.0M | 0.5% | +30.3% | 20 | $41.3M |
Countries are linked when exports of this product to them reached $5,000,000 over 24 months.
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $6.93B | +84.0% | 5,067,263 t | $1.37 | $1.96B | 2,040,339 t |
| September 2026 | $7.51B | +81.7% | 5,605,627 t | $1.34 | $1.57B | 1,795,553 t |
| August 2026 | $6.96B | +70.4% | 5,784,969 t | $1.20 | $1.35B | 1,678,660 t |
| July 2026 | $6.03B | +45.5% | 5,426,236 t | $1.11 | $1.67B | 2,321,537 t |
| June 2026 | $5.36B | +46.2% | 5,049,012 t | $1.06 | $1.77B | 1,848,677 t |
| May 2026 | $5.11B | +46.7% | 4,220,260 t | $1.21 | $2.54B | 2,420,271 t |
| April 2026 | $4.96B | +39.1% | 3,468,038 t | $1.43 | $1.96B | 2,060,711 t |
| March 2026 | $6.19B | +91.2% | 4,967,544 t | $1.25 | $1.95B | 2,946,336 t |
| February 2026 | $4.02B | +5.7% | 5,446,691 t | $0.74 | $1.51B | 2,663,148 t |
| January 2026 | $3.68B | +9.3% | 5,597,624 t | $0.66 | $1.94B | 3,577,091 t |
| December 2025 | $4.11B | +5.8% | 6,177,778 t | $0.67 | $1.37B | 2,353,450 t |
| November 2025 | $3.21B | -10.5% | 4,499,188 t | $0.71 | $1.48B | 2,561,372 t |
| October 2025 | $3.77B | +12.4% | 5,466,073 t | $0.69 | $1.68B | 2,906,941 t |
| September 2025 | $4.13B | +4.2% | 5,952,640 t | $0.69 | $1.85B | 3,219,251 t |
| August 2025 | $4.08B | -5.8% | 5,992,573 t | $0.68 | $1.73B | 2,990,900 t |
| July 2025 | $4.14B | -6.4% | 5,928,889 t | $0.70 | $1.95B | 3,299,915 t |
| June 2025 | $3.67B | +0.7% | 5,378,208 t | $0.68 | $1.44B | 2,487,156 t |
| May 2025 | $3.48B | -21.7% | 5,432,675 t | $0.64 | $1.49B | 2,520,663 t |
| April 2025 | $3.57B | -16.2% | 5,385,694 t | $0.66 | $1.89B | 2,974,146 t |
| March 2025 | $3.24B | -29.4% | 4,638,929 t | $0.70 | $1.90B | 2,866,063 t |
| February 2025 | $3.80B | -12.5% | 5,226,038 t | $0.73 | $1.90B | 2,888,522 t |
| January 2025 | $3.37B | -28.5% | 4,596,108 t | $0.73 | $2.38B | 3,748,811 t |
| December 2024 | $3.89B | -12.1% | 5,529,298 t | $0.70 | $2.14B | 3,405,276 t |
| November 2024 | $3.58B | -19.0% | 5,065,982 t | $0.71 | $1.78B | 2,694,217 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.