South Korea Oil Consumption

1965 - 2023 | Yearly | Barrel/Day th | BP PLC

Key information about South Korea Oil Consumption

  • South Korea Oil Consumption was reported at 2,796.973 Barrel/Day th in Dec 2023
  • This records a decrease from the previous number of 2,856.014 Barrel/Day th for Dec 2022
  • South Korea Oil Consumption data is updated yearly, averaging 1,847.539 Barrel/Day th from Dec 1965 to 2023, with 59 observations
  • The data reached an all-time high of 2,856.014 Barrel/Day th in 2022 and a record low of 24.946 Barrel/Day th in 1965
  • South Korea Oil Consumption data remains active status in CEIC and is reported by BP PLC
  • The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

View South Korea's Oil Consumption from 1965 to 2023 in the chart:

South Korea Oil Consumption

What was South Korea's Oil Consumption in 2023?

South Korea Oil Consumption was reported at 2,796.973 Barrel/Day th in Dec 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
2,796.973 2023 2,856.014 2022 24.946 1965 2,856.014 2022 Barrel/Day th yearly 1965 - 2023

Oil Consumption by Country Comparison

country/region Last Frequency Range
Algeria (Barrel/Day th) 439.929 2023 yearly 1965 - 2023
Argentina (Barrel/Day th) 689.692 2023 yearly 1965 - 2023
Australia (Barrel/Day th) 1,056.211 2023 yearly 1965 - 2023
Austria (Barrel/Day th) 234.051 2023 yearly 1965 - 2023
Azerbaijan (Barrel/Day th) 130.084 2023 yearly 1985 - 2023
Bangladesh (Barrel/Day th) 239.750 2023 yearly 1971 - 2023
Belarus (Barrel/Day th) 148.256 2023 yearly 1985 - 2023
Belgium (Barrel/Day th) 556.428 2023 yearly 1965 - 2023
Brazil (Barrel/Day th) 2,566.948 2023 yearly 1965 - 2023
Bulgaria (Barrel/Day th) 105.901 2023 yearly 1965 - 2023
Canada (Barrel/Day th) 2,351.163 2023 yearly 1965 - 2023
Chile (Barrel/Day th) 416.424 2023 yearly 1965 - 2023
China (Barrel/Day th) 16,576.537 2023 yearly 1965 - 2023
Colombia (Barrel/Day th) 484.497 2023 yearly 1965 - 2023
Croatia (Barrel/Day th) 69.922 2023 yearly 1990 - 2023
Cyprus (Barrel/Day th) 48.130 2023 yearly 1965 - 2023
Czech Republic (Barrel/Day th) 205.720 2023 yearly 1965 - 2023
Denmark (Barrel/Day th) 152.952 2023 yearly 1965 - 2023
Ecuador (Barrel/Day th) 287.414 2023 yearly 1965 - 2023
Egypt (Barrel/Day th) 741.902 2023 yearly 1965 - 2023
Estonia (Barrel/Day th) 26.663 2023 yearly 1985 - 2023
Finland (Barrel/Day th) 164.121 2023 yearly 1965 - 2023
France (Barrel/Day th) 1,347.801 2023 yearly 1965 - 2023
Germany (Barrel/Day th) 1,954.716 2023 yearly 1965 - 2023
Greece (Barrel/Day th) 296.870 2023 yearly 1965 - 2023
Hong Kong SAR, China (Barrel/Day th) 268.251 2023 yearly 1965 - 2023
Hungary (Barrel/Day th) 167.249 2023 yearly 1965 - 2023
Iceland (Barrel/Day th) 16.927 2023 yearly 1965 - 2023
India (Barrel/Day th) 5,446.103 2023 yearly 1965 - 2023
Indonesia (Barrel/Day th) 1,603.769 2023 yearly 1965 - 2023
Iran (Barrel/Day th) 1,816.840 2023 yearly 1965 - 2023
Iraq (Barrel/Day th) 772.000 2022 yearly 1965 - 2022
Ireland (Barrel/Day th) 147.605 2023 yearly 1965 - 2023
Israel (Barrel/Day th) 223.346 2023 yearly 1965 - 2023
Italy (Barrel/Day th) 1,221.035 2023 yearly 1965 - 2023
Japan (Barrel/Day th) 3,365.773 2023 yearly 1965 - 2023
Kazakhstan (Barrel/Day th) 348.999 2023 yearly 1985 - 2023
South Korea (Barrel/Day th) 2,796.973 2023 yearly 1965 - 2023
Kuwait (Barrel/Day th) 411.498 2023 yearly 1965 - 2023
Latvia (Barrel/Day th) 36.000 2022 yearly 1985 - 2022
Lithuania (Barrel/Day th) 65.140 2023 yearly 1985 - 2023
Luxembourg (Barrel/Day th) 49.000 2022 yearly 1965 - 2022
North Macedonia (Barrel/Day th) 24.000 2022 yearly 1990 - 2022
Malaysia (Barrel/Day th) 929.556 2023 yearly 1965 - 2023
Mexico (Barrel/Day th) 1,961.618 2023 yearly 1965 - 2023
Morocco (Barrel/Day th) 300.366 2023 yearly 1965 - 2023
Netherlands (Barrel/Day th) 850.292 2023 yearly 1965 - 2023
New Zealand (Barrel/Day th) 156.557 2023 yearly 1965 - 2023
Norway (Barrel/Day th) 213.354 2023 yearly 1965 - 2023
Oman (Barrel/Day th) 226.000 2022 yearly 1965 - 2022
Pakistan (Barrel/Day th) 393.519 2023 yearly 1965 - 2023
Peru (Barrel/Day th) 268.919 2023 yearly 1965 - 2023
Philippines (Barrel/Day th) 471.403 2023 yearly 1965 - 2023
Poland (Barrel/Day th) 699.843 2023 yearly 1965 - 2023
Portugal (Barrel/Day th) 216.321 2023 yearly 1965 - 2023
Qatar (Barrel/Day th) 369.968 2023 yearly 1965 - 2023
Romania (Barrel/Day th) 223.411 2023 yearly 1965 - 2023
Russia (Barrel/Day th) 3,634.960 2023 yearly 1985 - 2023
Saudi Arabia (Barrel/Day th) 4,051.907 2023 yearly 1965 - 2023
Singapore (Barrel/Day th) 1,359.343 2023 yearly 1965 - 2023
Slovakia (Barrel/Day th) 88.235 2023 yearly 1965 - 2023
Slovenia (Barrel/Day th) 54.000 2022 yearly 1990 - 2022
South Africa (Barrel/Day th) 522.421 2023 yearly 1965 - 2023
Spain (Barrel/Day th) 1,227.784 2023 yearly 1965 - 2023
Sri Lanka (Barrel/Day th) 98.000 2022 yearly 1965 - 2022
Sweden (Barrel/Day th) 240.332 2023 yearly 1965 - 2023
Switzerland (Barrel/Day th) 188.357 2023 yearly 1965 - 2023
Taiwan (Barrel/Day th) 839.579 2023 yearly 1965 - 2023
Thailand (Barrel/Day th) 1,221.144 2023 yearly 1965 - 2023
Trinidad and Tobago (Barrel/Day th) 32.645 2023 yearly 1965 - 2023
Turkey (Barrel/Day th) 1,135.886 2023 yearly 1965 - 2023
Turkmenistan (Barrel/Day th) 145.936 2023 yearly 1985 - 2023
Ukraine (Barrel/Day th) 203.797 2023 yearly 1985 - 2023
United Arab Emirates (Barrel/Day th) 1,139.420 2023 yearly 1965 - 2023
United Kingdom (Barrel/Day th) 1,324.763 2023 yearly 1965 - 2023
United States (Barrel/Day th) 18,983.557 2023 yearly 1965 - 2023
Uzbekistan (Barrel/Day th) 125.983 2023 yearly 1985 - 2023
Venezuela (Barrel/Day th) 396.384 2023 yearly 1965 - 2023
Vietnam (Barrel/Day th) 602.111 2023 yearly 1965 - 2023

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South Korea Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.3 Sep 2024 quarterly Jun 2000 - Sep 2024
Consolidated Fiscal Balance (USD mn) -1,904.263 Sep 2024 monthly Jul 1999 - Sep 2024
Tax Revenue (USD mn) 28,112.793 Oct 2024 monthly Jan 2000 - Oct 2024
Tax Revenue: % of GDP (%) 13.5 Sep 2024 quarterly Mar 2000 - Sep 2024
National Government Debt (USD mn) 873,499.9 Sep 2024 quarterly Sep 2002 - Sep 2024
Government Debt: % of GDP (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
Forecast: Government Expenditure (KRW bn) 700,035.486 2029 yearly 1995 - 2029
Forecast: Government Net Debt (KRW bn) 1,793,717.560 2029 yearly 1990 - 2029
Forecast: Government Revenue (KRW bn) 701,179.384 2029 yearly 1995 - 2029
National Debt (ND) (KRW bn) 1,126,800.000 2023 yearly 1997 - 2023
Central Govt Debt: Foreign (KRW bn) 10,362.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Central Govt Debt: Domestic (KRW bn) 1,135,534.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Central Govt Debt: Short-Term (KRW bn) 0.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt: Medium & Long Term (KRW bn) 1,145,700.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt (KRW bn) 1,145,896.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt (KRW bn) 1,148,600.000 Sep 2024 monthly Jan 2014 - Sep 2024
Public Sector Debt (KRW bn) 1,588,700.000 2022 yearly 2011 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.037 2029 yearly 1980 - 2029
Trade Balance (USD mn) 5,586.4 Nov 2024 monthly Jan 1966 - Nov 2024
Total Exports (USD mn) 56,321.2 Nov 2024 monthly Jan 1966 - Nov 2024
Total Exports Growth (%) 1.4 Nov 2024 monthly Jan 1967 - Nov 2024
Aluminum: Exports (USD th) 3,728,290.173 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,033,252.045 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 8,582,131.205 2023 yearly 1995 - 2023
Total Imports (USD mn) 50,734.9 Nov 2024 monthly Jan 1966 - Nov 2024
Total Imports Growth (%) -2.4 Nov 2024 monthly Jan 1967 - Nov 2024
Imports: Medicament (USD th) 4,791,545.717 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 6,039,256.682 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 10,379.628 Nov 2024 monthly Apr 1964 - Nov 2024
Total Imports from USA (USD mn) 5,427.656 Nov 2024 monthly Apr 1964 - Nov 2024
Total Exports to China (USD mn) 11,266.663 Nov 2024 monthly Jan 1988 - Nov 2024
Total Imports from China (USD mn) 11,445.765 Nov 2024 monthly Jan 1988 - Nov 2024
Trade Balance: First 10 days (USD mn) -855.717 Nov 2024 monthly Jan 2016 - Nov 2024
Imports: First 10 days (USD mn) 15,765.138 Nov 2024 monthly Jan 2016 - Nov 2024
Exports: First 10 days (USD mn) 14,909.421 Nov 2024 monthly Jan 2016 - Nov 2024
Imports: Middle East: Qatar (USD th) 974,279.000 Nov 2024 monthly Jan 1993 - Nov 2024
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 228,827.000 Nov 2024 monthly Jan 1981 - Nov 2024
Export Value Index (2015=100) 122.334 2021 yearly 1980 - 2021
Import Value Index (2015=100) 140.915 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 282.4 Oct 2024 monthly Jan 1980 - Oct 2024
Current Account Balance (USD mn) 7,614.6 Oct 2024 monthly Jan 1980 - Oct 2024
Current Account Balance: % of GDP (USD mn) 7,614.6 Oct 2024 monthly Jan 1980 - Oct 2024
Foreign Direct Investment (USD mn) 2,558.8 Jun 2023 monthly Jan 1980 - Jun 2023
Foreign Direct Investment: % of GDP (%) 1.2 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment (USD mn) 5,244.800 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 1.1 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -4,992.2 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 10,237.000 Sep 2024 quarterly Mar 1980 - Sep 2024
External Debt (USD mn) 702,682.9 Sep 2024 quarterly Dec 1994 - Sep 2024
External Debt: % of GDP (%) 36.6 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 158,725.6 Sep 2024 quarterly Dec 1994 - Sep 2024
External Debt: Short Term: % of GDP (%) 7.7 2023 yearly 1994 - 2023
Total Debt: % of GDP (%) 701.8 Jun 2024 quarterly Dec 2008 - Jun 2024
Forecast: Current Account Balance (USD bn) 97.775 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 977,820.900 Sep 2024 quarterly Dec 1994 - Sep 2024
BoP: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Goods: Imports fob (USD mn) 42,392.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Services (SV) (USD mn) -2,093.900 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Credit (USD mn) 8,183.800 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Debit (USD mn) 10,277.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Credit (USD mn) 873.600 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Debit (USD mn) 1,713.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Direct Investment (DI) (USD mn) 6,056.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: DI: Direct Investment Assets (USD mn) 6,294.200 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Portfolio Investment (PI) (USD mn) 407.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Asset (PIA) (USD mn) 3,416.100 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Liabilities (PIL) (USD mn) 3,008.700 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Financial Derivatives (FD) (USD mn) -484.100 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Assets (USD mn) -4,690.900 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: Other Investment (OI) (USD mn) -2,828.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Assets (OIA) (USD mn) 4,833.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Liabilities (OIL) (USD mn) 7,661.800 May 2018 monthly Jan 1980 - May 2018
BoP: sa: CA: Primary Income: Credit (USD mn) 6,078.200 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: G&S: Services: Debit (USD mn) 14,053.400 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: Secondary Income: Credit (USD mn) 905.600 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: G&S: Services (USD mn) -1,966.900 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 57,461.100 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 50,604.700 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: Primary Income (USD mn) 3,016.400 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: G&S: Goods (USD mn) 6,856.400 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,196.900 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: G&S: Services: Credit (USD mn) 12,086.500 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: Primary Income: Debit (USD mn) 3,061.800 Oct 2024 monthly Jan 1980 - Oct 2024
BoP: sa: CA: Secondary Income (USD mn) -291.300 Oct 2024 monthly Jan 1980 - Oct 2024
International Investment Position: Liabilities (USD mn) 1,535,689.700 Sep 2024 quarterly Dec 1994 - Sep 2024
International Investment Position: Net (USD mn) 977,820.900 Sep 2024 quarterly Dec 1994 - Sep 2024
International Investment Position: Assets (USD mn) 2,513,510.600 Sep 2024 quarterly Dec 1994 - Sep 2024
External Debt: Gross: Long Term (LT) (USD mn) 543,957.300 Sep 2024 quarterly Dec 1994 - Sep 2024
Outward Direct Investment: Total Invested (USD mn) 4,330.272 Sep 2024 monthly Jan 1981 - Sep 2024
ODI: Total Invested: Real Estate (USD mn) 725,563.42 Jun 2018 monthly Dec 1980 - Jun 2018
Smalll Business Health Index (SBHI): Economic Outlook (EO) (Index) 70.800 Nov 2024 monthly Jan 2015 - Nov 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 Sep 2024 quarterly Jun 2001 - Sep 2024
Household Debt: % of GDP (%) 93.9 Jun 2024 quarterly Dec 2002 - Jun 2024
Non-Performing Loans (USD mn) 8,138.926 Sep 2024 quarterly Jun 2001 - Sep 2024
Money Supply M1 (USD mn) 943,048.428 Sep 2024 monthly Jan 1970 - Sep 2024
Money Supply M2 (USD mn) 3,106,310.174 Sep 2024 monthly Jan 1970 - Sep 2024
M2 Growth (%) 6.7 Sep 2024 monthly Jan 1971 - Sep 2024
Reserve Requirement Ratio (%) 7.0 Nov 2024 monthly Nov 1979 - Nov 2024
Foreign Exchange Reserves (USD mn) 391,672.1 Oct 2024 monthly Dec 1956 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 7.000 Nov 2024 monthly Nov 1979 - Nov 2024
Foreign Exchange Reserves: Months of Import (NA) 7.7 Nov 2024 monthly Jan 1971 - Nov 2024
Gold Reserves (USD mn) 4,794.759 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 1,989,631.086 Sep 2024 monthly Sep 1992 - Sep 2024
Total Deposits Growth (%) 5.4 Sep 2024 monthly Sep 1993 - Sep 2024
Domestic Credit (USD mn) 3,624,438.3 Sep 2024 monthly Dec 2001 - Sep 2024
Domestic Credit Growth (%) 5.3 Sep 2024 monthly Dec 2002 - Sep 2024
Debt Service Ratio: Households (%) 14.100 Dec 2023 quarterly Mar 1999 - Dec 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.600 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 1,731.240 Dec 2023 quarterly Dec 1962 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 3,838.578 Dec 2023 quarterly Dec 1962 - Dec 2023
Household Debt (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Total Loans (USD mn) 1,810,289.975 Sep 2024 monthly Jan 1965 - Sep 2024
Total Loans Growth (%) 6.36 Sep 2024 monthly Jan 1966 - Sep 2024
Private Debt: % of Nominal GDP (%) 162.16 Sep 2024 quarterly Mar 1991 - Sep 2024
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
Money Supply: New M2: sa (KRW bn) 4,084,611.500 Sep 2024 monthly Jan 1970 - Sep 2024
Money Supply: New M1: sa (KRW bn) 1,240,052.100 Sep 2024 monthly Jan 1970 - Sep 2024
Deposits: CSB: Corporations (KRW bn) 396,621.30 Mar 2018 monthly Jan 1975 - Mar 2018
Deposits: CSB: Households (KRW bn) 614,344.50 Mar 2018 monthly Jan 1975 - Mar 2018
Loans of CSBs: CH: Corporate (KRW bn) 796,021.70 Mar 2018 monthly Dec 2006 - Mar 2018
Loans of Commercial and Specialized Banks (CSB): Total (KRW bn) 1,525,815.40 Mar 2018 monthly Jan 1965 - Mar 2018
Loans of CSBs: CH: Household (KRW tn) 1,139.500 Oct 2024 monthly Dec 2013 - Oct 2024
Loans of CSBs: CH: Household: Mortgage (KRW tn) 900.300 Oct 2024 monthly Dec 2013 - Oct 2024
Loans of CSBs: Corporate and Household (CH) (KRW tn) 2,463.800 Oct 2024 monthly Dec 2013 - Oct 2024
KR: Non-performing Loans (NPL): Commercial & Specialized Banks (KRW bn) 12,186.500 Dec 2018 quarterly Jun 2001 - Dec 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.0 Dec 2024 monthly Feb 2004 - Dec 2024
Busniess Survey Index: Forecast: Manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
Business Survey Index: Forecast: Non-manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
BSI: Forecast: BC: Services (NA) 81.000 Jul 2018 monthly Sep 2009 - Jul 2018
Business Survey Index: Actual: Manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018
Business Survey Index: Actual: Non-manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018
BSI: Forecast: BC: Services: Wholesale and Retail Trade (NA) 65.000 Dec 2024 monthly Sep 2009 - Dec 2024
Business Survey Index: Forecast: Business Condition: All Industries (NA) 68.000 Dec 2024 monthly Feb 2003 - Dec 2024
BSI: Forecast: BC: Manufacturing (NA) 66.000 Dec 2024 monthly Feb 2003 - Dec 2024
BSI: Forecast: BC: Services: Construction (NA) 49.000 Dec 2024 monthly Sep 2009 - Dec 2024

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