Mineral fuels, oils and their products: South Korea exports to Kuwait
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 $461,363 of mineral fuels, oils and their products (HS 27) to Kuwait, down 13.5% from September 2026 and up 530.1% from October 2025.
Over the 12 months to October 2026, exports of mineral fuels, oils and their products (HS 27) to Kuwait totalled $1.5 million, down 46.2% from the 12 months before ($2.9 million).
Kuwait took 0.0% of South Korea's exports of this product over the 12 months to October 2026, ranking 88th of 166 destinations (72nd in the 12 months before).
This product made up 0.3% of South Korea's goods exports to Kuwait over the same period.
The average export value in October 2026 was $1.94 per kg of net weight, compared with $3.56 per kg in October 2025.
Imports from Kuwait in October 2026 were $621.0 million (down 24.8% from October 2025), leaving a deficit of $620.5 million for the month.
Last 24 months
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $461K | +530.1% | 238 t | $1.94 | $621.0M | 768,072 t |
| September 2026 | $533K | -71.6% | 112 t | $4.76 | $476.6M | 698,723 t |
| August 2026 | $0 | – | 0 kg | – | $665.8M | 1,184,617 t |
| July 2026 | $0 | -100.0% | 0 kg | – | $435.0M | 692,305 t |
| June 2026 | $11K | -97.5% | 4.1 t | $2.58 | $249.6M | 286,090 t |
| May 2026 | $25K | +107.8% | 645 kg | $38.55 | $0 | 0 kg |
| April 2026 | $0 | -100.0% | 0 kg | – | $15.2M | 13,440 t |
| March 2026 | $0 | -100.0% | 0 kg | – | $512.1M | 652,298 t |
| February 2026 | $173K | +92.8% | 112 t | $1.55 | $827.3M | 1,367,322 t |
| January 2026 | $40K | – | 19.8 t | $2.03 | $646.0M | 1,333,149 t |
| December 2025 | $163K | +102.1% | 45.7 t | $3.57 | $792.9M | 1,653,334 t |
| November 2025 | $132K | – | 121 t | $1.08 | $422.9M | 842,886 t |
| October 2025 | $73K | -47.0% | 20.6 t | $3.56 | $826.2M | 1,572,852 t |
| September 2025 | $1.9M | +403.6% | 592 t | $3.18 | $525.4M | 964,208 t |
| August 2025 | $5,984 | -95.0% | 22.0 t | $0.27 | $793.4M | 1,464,527 t |
| July 2025 | $96K | -57.6% | 23.8 t | $4.02 | $593.6M | 1,102,357 t |
| June 2025 | $420K | – | 471 t | $0.89 | $526.7M | 788,065 t |
| May 2025 | $12K | -94.2% | 44.0 t | $0.27 | $793.8M | 1,545,636 t |
| April 2025 | $25K | – | 777 kg | $32.73 | $572.3M | 1,046,983 t |
| March 2025 | $179K | – | 76.0 t | $2.35 | $670.1M | 1,138,443 t |
| February 2025 | $90K | +449.1% | 28.7 t | $3.13 | $559.8M | 946,054 t |
| January 2025 | $0 | -100.0% | 0 kg | – | $802.2M | 1,331,176 t |
| December 2024 | $81K | -14.1% | 34.2 t | $2.36 | $600.1M | 1,046,030 t |
| November 2024 | $0 | -100.0% | 0 kg | – | $658.7M | 1,198,985 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 Kuwait
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 2710 | Refined petroleum oils | $1.5M | 94.4% | -42.2% | $461K |
| 2711 | Petroleum gases (including LNG and LPG) | $40K | 2.6% | -87.9% | $0 |
| 2715 | Bituminous mixtures based on natural asphalt, on natural bitumen, etc. | $36K | 2.3% | +100.0% | $0 |
| 2712 | Petroleum jelly, etc. | $11K | 0.7% | – | $0 |
See also: Mineral fuels, oils and their products to all countries · all exports to Kuwait