Mineral fuels, oils and their products: South Korea exports to Australia
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 $1.76 billion of mineral fuels, oils and their products (HS 27) to Australia, down 5.6% from September 2026 and up 122.2% from October 2025.
Over the 12 months to October 2026, exports of mineral fuels, oils and their products (HS 27) to Australia totalled $13.84 billion, up 89.4% from the 12 months before ($7.30 billion).
Australia took 20.8% of South Korea's exports of this product over the 12 months to October 2026, ranking 1st of 166 destinations.
This product made up 60.5% of South Korea's goods exports to Australia over the same period.
The average export value in October 2026 was $1.32 per kg of net weight, compared with $0.68 per kg in October 2025.
Imports from Australia in October 2026 were $2.20 billion (up 92.1% from October 2025), leaving a deficit of $440.7 million for the month.
Last 24 months
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $1.76B | +122.2% | 1,335,160 t | $1.32 | $2.20B | 5,302,070 t |
| September 2026 | $1.87B | +169.5% | 1,419,480 t | $1.32 | $1.85B | 4,835,331 t |
| August 2026 | $1.36B | +52.2% | 1,168,703 t | $1.17 | $1.67B | 5,364,930 t |
| July 2026 | $1.29B | +115.5% | 1,228,884 t | $1.05 | $1.85B | 5,945,739 t |
| June 2026 | $1.30B | +99.9% | 1,276,448 t | $1.02 | $1.72B | 5,528,731 t |
| May 2026 | $1.26B | +141.4% | 1,042,361 t | $1.21 | $1.61B | 4,993,120 t |
| April 2026 | $1.40B | +121.4% | 944,818 t | $1.48 | $1.21B | 4,060,090 t |
| March 2026 | $1.26B | +211.1% | 995,601 t | $1.27 | $1.21B | 4,271,888 t |
| February 2026 | $558.3M | +10.9% | 793,795 t | $0.70 | $1.15B | 4,168,061 t |
| January 2026 | $566.8M | +44.3% | 880,095 t | $0.64 | $1.11B | 4,556,212 t |
| December 2025 | $804.1M | +54.1% | 1,205,201 t | $0.67 | $1.51B | 5,091,744 t |
| November 2025 | $403.2M | -42.0% | 567,890 t | $0.71 | $1.16B | 4,498,963 t |
| October 2025 | $793.9M | +51.9% | 1,166,300 t | $0.68 | $1.15B | 5,295,154 t |
| September 2025 | $693.5M | -14.8% | 1,008,158 t | $0.69 | $1.14B | 4,818,615 t |
| August 2025 | $895.1M | +30.0% | 1,342,662 t | $0.67 | $1.30B | 4,243,742 t |
| July 2025 | $598.7M | -21.9% | 861,132 t | $0.70 | $1.35B | 5,176,999 t |
| June 2025 | $652.5M | +11.2% | 985,998 t | $0.66 | $799.9M | 2,964,139 t |
| May 2025 | $521.1M | -21.3% | 853,325 t | $0.61 | $1.40B | 3,975,823 t |
| April 2025 | $630.5M | -21.4% | 989,562 t | $0.64 | $1.38B | 4,657,311 t |
| March 2025 | $405.6M | -60.2% | 603,450 t | $0.67 | $1.31B | 3,628,272 t |
| February 2025 | $503.5M | -35.9% | 710,756 t | $0.71 | $1.11B | 3,248,362 t |
| January 2025 | $392.8M | -55.4% | 542,837 t | $0.72 | $1.44B | 4,651,452 t |
| December 2024 | $521.8M | -37.8% | 754,208 t | $0.69 | $1.27B | 4,314,169 t |
| November 2024 | $695.2M | -19.6% | 1,011,876 t | $0.69 | $1.41B | 4,091,068 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.
Largest headings exported to Australia
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 2710 | Refined petroleum oils | $13.69B | 98.9% | +90.0% | $1.75B |
| 2713 | Petroleum coke, bitumen and other petroleum residues | $72.7M | 0.5% | +16.1% | $12.5M |
| 2707 | Coal tar distillation oils (benzene, toluene, xylene) | $62.4M | 0.5% | +144.7% | $3.9M |
| 2711 | Petroleum gases (including LNG and LPG) | $10.6M | 0.1% | -5.2% | $843K |
| 2712 | Petroleum jelly, etc. | $28K | 0.0% | -90.6% | $0 |
| 2701 | Coal | $500 | 0.0% | – | $500 |
| 2706 | Tar distilled from coal, from lignite or from peat, and other mineral tars, etc. | $28 | 0.0% | – | $0 |
See also: Mineral fuels, oils and their products to all countries · all exports to Australia