South Korea Oil
Production (2025)#45 World
110,660b/d−2.3% YoY
Consumption (2025)#9 World
2,437,060b/d−3.1% YoY
Daily Deficit (2025)
−2,326,401b/d
Production covers 4.5% of consumption.
Consumption
Production
Deficit
Oil Reserves in South Korea
- No proven oil reserves is reported for South Korea.
Oil Production in South Korea
- South Korea produced 110,660 barrels per day of oil and petroleum liquids in 2025 (#45 in the world), a decrease of 2.3% from 113,246 barrels per day in 2024.
- Of that, 0 barrels per day was crude oil in 2025.
- And 0 barrels per day was natural gas plant liquids (NGPL) in 2025.
South Korea has years with negative refinery gain. Refinery gain (or processing gain) is the volume difference between the refined products output and crude input.
Oil Consumption in South Korea
- South Korea consumed 2,437,060 barrels per day of oil and petroleum products in 2025 (#9 in the world), a decrease of 3.1% from 2024. This represents about 2.4% of the world's total oil consumption.
- Per capita, oil consumption in South Korea averaged 1.98 us gallons per day in 2025 (#31 in the world).
- The largest refined-product categories were Other Refined Products (43.5%), Distillate Fuel Oil (17.9%), and Liquefied Petroleum Gases (12.6%).
(Historical) Oil Imports & Exports in South Korea
EIA has stopped publishing oil trade data. Imports and exports data shown here are historical and may not reflect current trends.
Imports and exports data cover crude oil and lease condensate only, and do not include other petroleum liquids such as natural gas plant liquids (NGPL) or refined products.
oil Balance in South Korea
- In 2025, South Korea produced approximately 110,660 barrels per day of oil and consumed 2,437,060 barrels per day , a deficit of 2,326,401 barrels per day.
South Korea Oil History (1973-2025)
| Reserves | Production | Consumption | Crude Oil Trade (Historical) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | — | — | 110,660 | −2.3% | 45 | 0.10% | 2,437,060 | −3.1% | 4 | — | 1.98 | — | — | — |
| 2024 | — | — | — | 113,246 | +3.9% | 44 | 0.11% | 2,514,544 | +3.7% | 8 | 2.4% | 2.04 | — | — | — |
| 2023 | — | — | — | 108,948 | +0.66% | 44 | 0.11% | 2,424,266 | −4.1% | 9 | 2.4% | 1.97 | — | — | — |
| 2022 | — | — | — | 108,239 | +0.08% | 45 | 0.11% | 2,526,899 | −1.1% | 8 | 2.5% | 2.05 | — | — | — |
| 2021 | — | — | — | 108,152 | +9.2% | 44 | 0.11% | 2,555,542 | +4.4% | 8 | 2.6% | 2.07 | — | — | — |
| 2020 | — | — | — | 99,006 | +2.2% | 47 | 0.11% | 2,448,355 | −5.7% | 8 | 2.7% | 1.98 | 2,645,870 | 0 | 2,645,870 |
| 2019 | — | — | — | 96,900 | +3.5% | 50 | 0.10% | 2,596,195 | +1.3% | 8 | 2.6% | 2.11 | 2,934,302 | 0 | 2,934,302 |
| 2018 | — | — | — | 93,587 | +6% | 50 | 0.09% | 2,564,060 | −2.4% | 8 | 2.6% | 2.09 | 3,034,441 | 0 | 3,034,441 |
| 2017 | — | — | — | 88,317 | +10.6% | 53 | 0.09% | 2,627,301 | +0.93% | 8 | 2.6% | 2.14 | 3,041,145 | 0 | 3,041,145 |
| 2016 | — | — | — | 79,849 | −2% | 55 | 0.08% | 2,603,003 | +5.3% | 8 | 2.7% | 2.13 | 2,930,622 | 0 | 2,930,622 |
| 2015 | — | — | — | 81,513 | +11% | 55 | 0.08% | 2,473,148 | +5.3% | 8 | 2.6% | 2.04 | 2,801,630 | 0 | 2,801,630 |
| 2014 | — | — | — | 73,431 | +12.8% | 57 | 0.08% | 2,347,800 | +0.84% | 10 | 2.5% | 1.95 | 2,525,144 | 0 | 2,525,144 |
| 2013 | — | — | — | 65,076 | +0.68% | 58 | 0.07% | 2,328,290 | +0.29% | 10 | 2.5% | 1.95 | 2,475,108 | 0 | 2,475,108 |
| 2012 | — | — | — | 64,637 | +21.9% | 59 | 0.07% | 2,321,620 | +2.8% | 10 | 2.6% | 1.97 | 2,583,024 | 0 | 2,583,024 |
| 2011 | — | — | — | 53,008 | +0.7% | 64 | 0.06% | 2,259,373 | −0.41% | 10 | 2.5% | 1.93 | 2,527,950 | 0 | 2,527,950 |
| 2010 | — | — | — | 52,638 | +5.2% | 63 | 0.06% | 2,268,564 | +3.7% | 10 | 2.6% | 1.95 | 2,400,742 | 0 | 2,400,742 |
| 2009 | — | — | — | 50,046 | +24% | 63 | 0.06% | 2,188,501 | +2.2% | 10 | 2.5% | 1.89 | 2,323,751 | 0 | 2,323,751 |
| 2008 | — | — | — | 40,362 | +37% | 65 | 0.05% | 2,142,309 | −4.4% | 10 | 2.5% | 1.86 | 2,341,989 | 0 | 2,341,989 |
| 2007 | — | — | — | 29,452 | +44.4% | 68 | 0.03% | 2,240,510 | +2.8% | 10 | 2.6% | 1.95 | 2,389,677 | 0 | 2,389,677 |
| 2006 | — | — | — | 20,396 | +20.8% | 75 | 0.02% | 2,179,904 | −0.52% | 9 | 2.5% | 1.91 | 2,411,706 | 0 | 2,411,706 |
| 2005 | — | — | — | 16,878 | −0.59% | 77 | 0.02% | 2,191,342 | +1.7% | 9 | 2.6% | 1.92 | 2,286,396 | 0 | 2,286,396 |
| 2004 | — | — | — | 16,978 | +15.3% | 76 | 0.02% | 2,155,120 | −0.93% | 9 | 2.6% | 1.9 | 2,277,753 | 0 | 2,277,753 |
| 2003 | 0 | — | — | 14,726 | −31.6% | 75 | 0.02% | 2,175,384 | +1.2% | 7 | 2.7% | 1.92 | 2,161,328 | 0 | 2,161,328 |
| 2002 | 0 | — | — | 21,519 | +49.5% | 69 | 0.03% | 2,149,153 | +0.8% | 8 | 2.7% | 1.91 | 2,158,461 | 0 | 2,158,461 |
| 2001 | 0 | — | — | 14,399 | +2.8% | 71 | 0.02% | 2,132,041 | −0.15% | 8 | 2.7% | 1.9 | 2,376,512 | 0 | 2,376,512 |
| 2000 | 0 | — | — | 14,011 | +171.5% | 71 | 0.02% | 2,135,331 | +2.5% | 8 | 2.8% | 1.92 | 2,467,661 | 0 | 2,467,661 |
| 1999 | 0 | — | — | 5,160.4 | −51.3% | 79 | 0.01% | 2,083,786 | +8.7% | 7 | 2.8% | 1.88 | 2,413,584 | 0 | 2,413,584 |
| 1998 | 0 | — | — | 10,591 | +89.1% | 71 | 0.01% | 1,916,564 | −15% | 10 | 2.6% | 1.74 | 2,287,062 | 0 | 2,287,062 |
| 1997 | 0 | — | — | 5,600.1 | — | 79 | 0.01% | 2,254,973 | +7.3% | 6 | 3.1% | 2.06 | 2,436,805 | 0 | 2,436,805 |
| 1996 | 0 | — | — | — | — | — | — | 2,100,954 | +4.6% | 6 | 2.9% | 1.93 | 1,972,482 | 0 | 1,972,482 |
| 1995 | 0 | — | — | — | — | — | — | 2,007,740 | +9.1% | 6 | 2.9% | 1.86 | 1,712,182 | 0 | 1,712,182 |
| 1994 | 0 | — | — | — | — | — | — | 1,839,816 | +9.2% | 9 | 2.7% | 1.71 | 1,571,829 | 0 | 1,571,829 |
| 1993 | 0 | — | — | — | — | — | — | 1,684,132 | +10.3% | 10 | 2.5% | 1.58 | 1,535,787 | 0 | 1,535,787 |
| 1992 | 0 | — | — | −24,000 | +14.3% | 126 | −0.04% | 1,526,746 | +20.9% | 12 | 2.3% | 1.44 | 1,391,742 | 0 | 1,391,742 |
| 1991 | 0 | — | — | −21,000 | +114.3% | 110 | −0.03% | 1,263,332 | +20.5% | 11 | 1.9% | 1.19 | 1,093,991 | 0 | 1,093,991 |
| 1990 | 0 | — | — | −9,800 | −18.3% | 108 | −0.01% | 1,048,260 | +21.9% | 12 | 1.6% | 1 | 844,844 | 0 | 844,844 |
| 1989 | 0 | — | — | −12,000 | +25% | 107 | −0.02% | 860,079 | +15.3% | 14 | 1.3% | 0.83 | 812,093 | 0 | 812,093 |
| 1988 | 0 | — | — | −9,600 | +29.7% | 107 | −0.01% | 745,790 | +19% | 14 | 1.1% | 0.73 | 713,339 | 0 | 713,339 |
| 1987 | 0 | — | — | −7,400 | −8.6% | 107 | −0.01% | 626,721 | +5.9% | 16 | 0.99% | 0.62 | 592,225 | 0 | 592,225 |
| 1986 | 0 | — | — | −8,100 | −10% | 106 | −0.01% | 591,745 | +7.4% | 16 | 0.96% | 0.6 | 630,307 | 0 | 630,307 |
| 1985 | 0 | — | — | −9,000 | −30.8% | 82 | −0.02% | 551,036 | −0.56% | 16 | 0.92% | 0.56 | 543,320 | 0 | 543,320 |
| 1984 | 0 | — | — | −13,000 | — | 82 | −0.02% | 554,150 | −1.2% | 16 | 0.93% | 0.57 | 545,581 | 0 | 545,581 |
| 1983 | 0 | — | — | 0 | — | — | — | 561,000 | +5.1% | 16 | 0.95% | 0.59 | 528,459 | 0 | 528,459 |
| 1982 | 0 | — | — | 0 | — | — | — | 534,000 | −0.37% | 16 | 0.90% | 0.57 | 488,681 | 0 | 488,681 |
| 1981 | 0 | — | — | 0 | — | — | — | 536,000 | −0.28% | 16 | 0.88% | 0.58 | 504,290 | 0 | 504,290 |
| 1980 | 0 | — | — | 0 | — | — | — | 537,500 | — | 16 | 0.85% | 0.59 | 499,630 | 0 | 499,630 |
See also
Sources
- U.S. Energy Information Administration (EIA), International Energy Statistics.
- Oil & Gas Journal