Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — South Korea

Fuel imports (% of merchandise imports) in South Korea in 2024 — 25.66%. Ranked 15 in the world out of 131. Since 1962, the indicator has risen by 17.64 pp.

2024 25.66% −1.01 pp vs 2023
World rank 15of 131
Period maximum 35.83%2012
Period minimum 5.15%1968

Trend over time

1962–2024 · % of merchandise imports

Fuel imports (% of merchandise imports) — South Korea, 1962–202401020304019621969197619831990199720042011201820241962: 8.02%1964: 7.04%1966: 5.76%1968: 5.15%1970: 6.86%1972: 8.68%1974: 15.41%1976: 19.94%1978: 16.39%1980: 29.86%1982: 31.33%1984: 23.77%1986: 15.94%1988: 11.55%1990: 15.78%1992: 17.9%1994: 15.06%1996: 16.15%1998: 19.51%2000: 23.73%2002: 21.32%2004: 22.4%2006: 28.03%2008: 32.74%2010: 28.83%2012: 35.83%2014: 33.43%2016: 20.13%2018: 27.46%2020: 18.51%2022: 29.9%2024: 25.66%
Change over the period: +17.64 pp Annual average: 0.28 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: South Korea

South Korea 25.66%
World 13.08%
Eastern Asia computed 18.68%
High-income countries computed 11%
Fuel imports (% of merchandise imports) — South Korea, by year South Korea All countries CSV XLSX
Year % Change, pp
2024 25.66 −1.01 pp
2023 26.67 −3.23 pp
2022 29.9 +7.53 pp
2021 22.37 +3.85 pp
2020 18.51 −6.79 pp
2019 25.3 −2.16 pp
2018 27.46 +4.48 pp
2017 22.98 +2.85 pp
2016 20.13 −3.56 pp
2015 23.69 −9.75 pp
2014 33.43 −1.56 pp
2013 35 −0.84 pp
2012 35.83 +2.72 pp
2011 33.12 +4.29 pp
2010 28.83 +0.46 pp
2009 28.37 −4.37 pp
2008 32.74 +5.7 pp
2007 27.04 −0.98 pp
2006 28.03 +2.19 pp
2005 25.84 +3.44 pp
2004 22.4 +0.8 pp
2003 21.6 +0.28 pp
2002 21.32 −2.83 pp
2001 24.15 +0.42 pp
2000 23.73 +4.62 pp
1999 19.1 −0.4 pp
1998 19.51 +0.57 pp
1997 18.93 +2.78 pp
1996 16.15 +2.08 pp
1995 14.07 −0.99 pp
1994 15.06 −2.9 pp
1993 17.96 +0.06 pp
1992 17.9 +2.26 pp
1991 15.64 −0.15 pp
1990 15.78 +3.37 pp
1989 12.41 +0.86 pp
1988 11.55 −3.09 pp
1987 14.64 −1.3 pp
1986 15.94 −7.62 pp
1985 23.56 −0.2 pp
1984 23.77 −2.82 pp
1983 26.58 −4.74 pp
1982 31.33 +1.5 pp
1981 29.83 −0.03 pp
1980 29.86 +11.24 pp
1979 18.62 +2.23 pp
1978 16.39 −3.78 pp
1977 20.17 +0.24 pp
1976 19.94 +0.86 pp
1975 19.08 +3.67 pp
1974 15.41 +8.04 pp
1973 7.37 −1.31 pp
1972 8.68 +0.77 pp
1971 7.91 +1.05 pp
1970 6.86 +0.77 pp
1969 6.08 +0.94 pp
1968 5.15 −1.04 pp
1967 6.18 +0.42 pp
1966 5.76 −1.19 pp
1965 6.95 −0.09 pp
1964 7.04 +0.91 pp
1963 6.14 −1.89 pp
1962 8.02

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The share of fuel in merchandise imports — the reverse side of fuel dependence. The indicator measures vulnerability to rising energy prices: a country spending a quarter of its imports on fuel loses as much when prices double as an exporter does when they fall. The series reacts visibly to oil shocks, and it shows that in the 1970s the share of fuel in the imports of developed countries rose several times over.

Important: The share is of value, not of volume, so it rises when fuel becomes more expensive even with no change in physical deliveries. The aggregate is weighted by merchandise imports — the denominator of the indicator.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.