South Korea Oil Consumption

1965 - 2022 | Yearly | Barrel/Day th | BP PLC

Key information about South Korea Oil Consumption

  • South Korea Oil Consumption was reported at 2,858.000 Barrel/Day th in Dec 2022
  • This records an increase from the previous number of 2,816.000 Barrel/Day th for Dec 2021
  • South Korea Oil Consumption data is updated yearly, averaging 1,765.000 Barrel/Day th from Dec 1965 to 2022, with 58 observations
  • The data reached an all-time high of 2,858.000 Barrel/Day th in 2022 and a record low of 25.000 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 2022 in the chart:

South Korea Oil Consumption

What was South Korea's Oil Consumption in 2022?

South Korea Oil Consumption was reported at 2,858.000 Barrel/Day th in Dec 2022 See the table below for more data.

Last Previous Min Max Unit Frequency Range
2,858.000 2022 2,816.000 2021 25.000 1965 2,858.000 2022 Barrel/Day th yearly 1965 - 2022

Oil Consumption by Country Comparison

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Includes Oil Consumption on 79 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Algeria (Barrel/Day th) 439.000 2022 yearly 1965 - 2022
Argentina (Barrel/Day th) 678.000 2022 yearly 1965 - 2022
Australia (Barrel/Day th) 1,008.000 2022 yearly 1965 - 2022
Austria (Barrel/Day th) 232.000 2022 yearly 1965 - 2022
Azerbaijan (Barrel/Day th) 122.000 2022 yearly 1985 - 2022
Bangladesh (Barrel/Day th) 253.000 2022 yearly 1971 - 2022
Belarus (Barrel/Day th) 152.000 2022 yearly 1985 - 2022
Belgium (Barrel/Day th) 563.000 2022 yearly 1965 - 2022
Brazil (Barrel/Day th) 2,512.000 2022 yearly 1965 - 2022
Bulgaria (Barrel/Day th) 109.000 2022 yearly 1965 - 2022
Canada (Barrel/Day th) 2,288.000 2022 yearly 1965 - 2022
Chile (Barrel/Day th) 399.000 2022 yearly 1965 - 2022
China (Barrel/Day th) 14,295.000 2022 yearly 1965 - 2022
Colombia (Barrel/Day th) 478.000 2022 yearly 1965 - 2022
Croatia (Barrel/Day th) 69.000 2022 yearly 1990 - 2022
Cyprus (Barrel/Day th) 48.000 2022 yearly 1965 - 2022
Czech Republic (Barrel/Day th) 204.000 2022 yearly 1965 - 2022
Denmark (Barrel/Day th) 138.000 2022 yearly 1965 - 2022
Ecuador (Barrel/Day th) 264.000 2022 yearly 1965 - 2022
Egypt (Barrel/Day th) 750.000 2022 yearly 1965 - 2022
Estonia (Barrel/Day th) 25.000 2022 yearly 1985 - 2022
Finland (Barrel/Day th) 172.000 2022 yearly 1965 - 2022
France (Barrel/Day th) 1,420.000 2022 yearly 1965 - 2022
Germany (Barrel/Day th) 2,075.000 2022 yearly 1965 - 2022
Greece (Barrel/Day th) 294.000 2022 yearly 1965 - 2022
Hong Kong SAR, China (Barrel/Day th) 219.000 2022 yearly 1965 - 2022
Hungary (Barrel/Day th) 172.000 2022 yearly 1965 - 2022
Iceland (Barrel/Day th) 17.000 2022 yearly 1965 - 2022
India (Barrel/Day th) 5,185.000 2022 yearly 1965 - 2022
Indonesia (Barrel/Day th) 1,585.000 2022 yearly 1965 - 2022
Iran (Barrel/Day th) 1,912.000 2022 yearly 1965 - 2022
Iraq (Barrel/Day th) 772.000 2022 yearly 1965 - 2022
Ireland (Barrel/Day th) 152.000 2022 yearly 1965 - 2022
Israel (Barrel/Day th) 232.000 2022 yearly 1965 - 2022
Italy (Barrel/Day th) 1,222.000 2022 yearly 1965 - 2022
Japan (Barrel/Day th) 3,337.000 2022 yearly 1965 - 2022
Kazakhstan (Barrel/Day th) 422.000 2022 yearly 1985 - 2022
South Korea (Barrel/Day th) 2,858.000 2022 yearly 1965 - 2022
Kuwait (Barrel/Day th) 431.000 2022 yearly 1965 - 2022
Latvia (Barrel/Day th) 36.000 2022 yearly 1985 - 2022
Lithuania (Barrel/Day th) 64.000 2022 yearly 1985 - 2022
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) 894.000 2022 yearly 1965 - 2022
Mexico (Barrel/Day th) 2,098.000 2022 yearly 1965 - 2022
Morocco (Barrel/Day th) 296.000 2022 yearly 1965 - 2022
Netherlands (Barrel/Day th) 885.000 2022 yearly 1965 - 2022
New Zealand (Barrel/Day th) 148.000 2022 yearly 1965 - 2022
Norway (Barrel/Day th) 192.000 2022 yearly 1965 - 2022
Oman (Barrel/Day th) 226.000 2022 yearly 1965 - 2022
Pakistan (Barrel/Day th) 489.000 2022 yearly 1965 - 2022
Peru (Barrel/Day th) 258.000 2022 yearly 1965 - 2022
Philippines (Barrel/Day th) 451.000 2022 yearly 1965 - 2022
Poland (Barrel/Day th) 724.000 2022 yearly 1965 - 2022
Portugal (Barrel/Day th) 225.000 2022 yearly 1965 - 2022
Qatar (Barrel/Day th) 347.000 2022 yearly 1965 - 2022
Romania (Barrel/Day th) 220.000 2022 yearly 1965 - 2022
Russia (Barrel/Day th) 3,570.000 2022 yearly 1985 - 2022
Saudi Arabia (Barrel/Day th) 3,876.000 2022 yearly 1965 - 2022
Singapore (Barrel/Day th) 1,199.000 2022 yearly 1965 - 2022
Slovakia (Barrel/Day th) 90.000 2022 yearly 1965 - 2022
Slovenia (Barrel/Day th) 54.000 2022 yearly 1990 - 2022
South Africa (Barrel/Day th) 513.000 2022 yearly 1965 - 2022
Spain (Barrel/Day th) 1,268.000 2022 yearly 1965 - 2022
Sri Lanka (Barrel/Day th) 98.000 2022 yearly 1965 - 2022
Sweden (Barrel/Day th) 243.000 2022 yearly 1965 - 2022
Switzerland (Barrel/Day th) 187.000 2022 yearly 1965 - 2022
Taiwan (Barrel/Day th) 909.000 2022 yearly 1965 - 2022
Thailand (Barrel/Day th) 1,277.000 2022 yearly 1965 - 2022
Trinidad and Tobago (Barrel/Day th) 24.000 2022 yearly 1965 - 2022
Turkey (Barrel/Day th) 1,042.000 2022 yearly 1965 - 2022
Turkmenistan (Barrel/Day th) 154.000 2022 yearly 1985 - 2022
Ukraine (Barrel/Day th) 200.000 2022 yearly 1985 - 2022
United Arab Emirates (Barrel/Day th) 1,126.000 2022 yearly 1965 - 2022
United Kingdom (Barrel/Day th) 1,317.000 2022 yearly 1965 - 2022
United States (Barrel/Day th) 19,140.000 2022 yearly 1965 - 2022
Uzbekistan (Barrel/Day th) 111.000 2022 yearly 1985 - 2022
Venezuela (Barrel/Day th) 268.000 2022 yearly 1965 - 2022
Vietnam (Barrel/Day th) 515.000 2022 yearly 1965 - 2022

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South Korea Key Series

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Includes 455 key indicators for South Korea, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.0 Sep 2023 quarterly Jun 2000 - Sep 2023
Consolidated Fiscal Balance (USD mn) -6,888.333 Nov 2023 monthly Jul 1999 - Nov 2023
Tax Revenue (USD mn) 9,088.625 Feb 2024 monthly Jan 2000 - Feb 2024
Tax Revenue: % of GDP (%) 22.7 Dec 2023 quarterly Mar 2000 - Dec 2023
National Government Debt (USD mn) 815,782.8 Sep 2023 quarterly Sep 2002 - Sep 2023
Government Debt: % of GDP (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
Forecast: Government Expenditure (KRW bn) 679,848.650 2028 yearly 1995 - 2028
Forecast: Government Net Debt (KRW bn) 1,606,994.340 2028 yearly 1990 - 2028
Forecast: Government Revenue (KRW bn) 679,687.380 2028 yearly 1995 - 2028
National Debt (ND) (KRW bn) 1,067,700.000 2022 yearly 1997 - 2022
Central Govt Debt: Foreign (KRW bn) 11,791.000 Sep 2023 quarterly Dec 2002 - Sep 2023
Central Govt Debt (KRW bn) 1,099,561.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Central Govt Debt: Domestic (KRW bn) 1,087,771.000 Sep 2023 quarterly Dec 2002 - Sep 2023
Central Govt Debt: Medium & Long Term (KRW bn) 1,099,507.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Central Govt Debt: Short-Term (KRW bn) 0.000 Sep 2023 quarterly Sep 2002 - Sep 2023
Public Sector Debt (KRW bn) 1,588,700.000 2022 yearly 2011 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.043 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,291.2 Mar 2024 monthly Jan 1966 - Mar 2024
Total Exports (USD mn) 56,571.8 Mar 2024 monthly Jan 1966 - Mar 2024
Total Exports Growth (%) 3.1 Mar 2024 monthly Jan 1967 - Mar 2024
Aluminum: Exports (USD th) 4,568,165.809 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,062,354.931 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 6,513,466.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 52,280.7 Mar 2024 monthly Jan 1966 - Mar 2024
Total Imports Growth (%) -12.3 Mar 2024 monthly Jan 1967 - Mar 2024
Imports: Medicament (USD th) 4,532,213.079 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 4,747,831.996 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 10,911.000 Mar 2024 monthly Apr 1964 - Mar 2024
Total Imports from USA (USD mn) 5,974.000 Mar 2024 monthly Apr 1964 - Mar 2024
Total Exports to China (USD mn) 10,520.000 Mar 2024 monthly Jan 1988 - Mar 2024
Total Imports from China (USD mn) 11,396.000 Mar 2024 monthly Jan 1988 - Mar 2024
Trade Balance: First 10 days (USD mn) -1,263.000 Mar 2024 monthly Jan 2016 - Mar 2024
Imports: First 10 days (USD mn) 14,803.000 Mar 2024 monthly Jan 2016 - Mar 2024
Exports: First 10 days (USD mn) 13,540.000 Mar 2024 monthly Jan 2016 - Mar 2024
Imports: Middle East: Qatar (USD th) 1,140,352.000 Feb 2024 monthly Jan 1993 - Feb 2024
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 249,718.000 Mar 2024 monthly Jan 1981 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,304.1 Feb 2024 monthly Jan 1980 - Feb 2024
Current Account Balance (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Current Account Balance: % of GDP (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Foreign Direct Investment (USD mn) 2,558.8 Jun 2023 monthly Jan 1980 - Jun 2023
Foreign Direct Investment: % of GDP (%) 1.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment (USD mn) 7,450.600 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 3,253.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 4,197.400 Dec 2023 quarterly Mar 1980 - Dec 2023
External Debt (USD mn) 663,631.1 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: % of GDP (%) 38.8 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 136,202.8 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: Short Term: % of GDP (%) 8.0 2023 yearly 1994 - 2023
Total Debt: % of GDP (%) 757.9 Dec 2023 quarterly Dec 2008 - Dec 2023
Forecast: Current Account Balance (USD bn) 66.020 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 779,876.500 Dec 2023 quarterly Dec 1994 - Dec 2023
BoP: CA: G&S: Goods: Imports fob (USD mn) 42,392.700 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: G&S: Goods: Exports fob (USD mn) 53,778.700 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: CA: G&S: Services (SV) (USD mn) -2,093.900 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: Other Investment (OI) (USD mn) -2,828.400 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: CF: FA: PI: Portfolio Investment Asset (PIA) (USD mn) 3,416.100 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: FD: Assets (USD mn) -4,690.900 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: Financial Derivatives (FD) (USD mn) -484.100 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: OI: Other Investment Assets (OIA) (USD mn) 4,833.400 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: CF: FA: Portfolio Investment (PI) (USD mn) 407.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: PI: Portfolio Investment Liabilities (PIL) (USD mn) 3,008.700 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: sa: CA: Primary Income: Credit (USD mn) 6,100.500 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 49,468.000 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Secondary Income: Credit (USD mn) 802.100 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Services: Debit (USD mn) 13,034.100 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Goods (USD mn) 8,227.000 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Services (USD mn) -2,186.800 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Primary Income (USD mn) 2,187.800 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Primary Income: Debit (USD mn) 3,912.700 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 57,695.000 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Secondary Income (USD mn) -556.900 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: G&S: Services: Credit (USD mn) 10,847.300 Feb 2024 monthly Jan 1980 - Feb 2024
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,359.000 Feb 2024 monthly Jan 1980 - Feb 2024
International Investment Position: Liabilities (USD mn) 1,507,236.500 Dec 2023 quarterly Dec 1994 - Dec 2023
International Investment Position: Net (USD mn) 779,876.500 Dec 2023 quarterly Dec 1994 - Dec 2023
International Investment Position: Assets (USD mn) 2,287,113.000 Dec 2023 quarterly Dec 1994 - Dec 2023
External Debt: Gross: Long Term (LT) (USD mn) 527,428.300 Dec 2023 quarterly Dec 1994 - Dec 2023
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) 72.400 Feb 2024 monthly Jan 2015 - Feb 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.3 Sep 2023 quarterly Jun 2001 - Sep 2023
Household Debt: % of GDP (%) 103.5 Dec 2023 quarterly Dec 2002 - Dec 2023
Non-Performing Loans (USD mn) 6,510.097 Sep 2023 quarterly Jun 2001 - Sep 2023
Money Supply M1 (USD mn) 916,308.413 Jan 2024 monthly Jan 1970 - Jan 2024
Money Supply M2 (USD mn) 2,934,712.413 Jan 2024 monthly Jan 1970 - Jan 2024
M2 Growth (%) 3.8 Jan 2024 monthly Jan 1971 - Jan 2024
Reserve Requirement Ratio (%) 7.0 Mar 2024 monthly Nov 1979 - Mar 2024
Foreign Exchange Reserves (USD mn) 395,420.3 Mar 2024 monthly Dec 1956 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 7.000 Mar 2024 monthly Nov 1979 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 7.6 Mar 2024 monthly Jan 1971 - Mar 2024
Gold Reserves (USD mn) 4,794.759 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 1,873,942.617 Jan 2024 monthly Sep 1992 - Jan 2024
Total Deposits Growth (%) 3.8 Jan 2024 monthly Sep 1993 - Jan 2024
Domestic Credit (USD mn) 3,460,393.4 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 5.9 Jan 2024 monthly Dec 2002 - Jan 2024
Debt Service Ratio: Households (%) 14.200 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.800 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 1,663.027 Sep 2023 quarterly Dec 1962 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 3,695.718 Sep 2023 quarterly Dec 1962 - Sep 2023
Household Debt (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Total Loans (USD mn) 1,704,813.020 Jan 2024 monthly Jan 1965 - Jan 2024
Total Loans Growth (%) 4.94 Jan 2024 monthly Jan 1966 - Jan 2024
Private Debt: % of Nominal GDP (%) 176.79 Dec 2023 quarterly Mar 1991 - Dec 2023
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) 3,917,547.600 Jan 2024 monthly Jan 1970 - Jan 2024
Money Supply: New M1: sa (KRW bn) 1,223,180.100 Jan 2024 monthly Jan 1970 - Jan 2024
Deposits: CSB: Households (KRW bn) 614,344.50 Mar 2018 monthly Jan 1975 - Mar 2018
Deposits: CSB: Corporations (KRW bn) 396,621.30 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
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) 9.0 Mar 2024 monthly Feb 2004 - Mar 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

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