In 2024, South Korea imported over ** billion U.S. dollars worth of crude oil. This was still a significant increase from 2020, which saw a global collapse in oil prices, slowing down demand worldwide.Â
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Korea International Trade Association. (February 24, 2025). Value of crude oil imported into South Korea from 2015 to 2024 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association. "Value of crude oil imported into South Korea from 2015 to 2024 (in billion U.S. dollars)." Chart. February 24, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association. (2025). Value of crude oil imported into South Korea from 2015 to 2024 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association. "Value of Crude Oil Imported into South Korea from 2015 to 2024 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 24 Feb 2025, /statistics/1289208/south-korea-crude-oil-imports/
Korea International Trade Association, Value of crude oil imported into South Korea from 2015 to 2024 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1289208/south-korea-crude-oil-imports/ (last visited August 01, 2026)
Value of crude oil imported into South Korea from 2015 to 2024 (in billion U.S. dollars) [Graph], Korea International Trade Association, February 24, 2025. [Online]. Available: /statistics/1289208/south-korea-crude-oil-imports/
