Baghdad (IraqiNews.com) – Official data indicates that Iraq was the sixth-largest supplier of crude oil to South Korea in August 2026, with a volume exceeding 3.8 million barrels.
South Korea’s total crude oil imports stood at 91.33 million barrels in August 2026, marking a 2.2 percent decline compared to the 93.35 million barrels recorded in August 2025 and a two percent drop from the 93.18 million barrels imported in July 2026.
South Korea’s oil imports from Iraq stood at 3.82 million barrels in August 2026, over a 65 percent decrease compared to the 11.105 million barrels imported during the same month in 2025, with no Iraqi imports reported in July.
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Saudi Arabia was the largest exporter of oil to South Korea, supplying 21.66 million barrels. The United States followed with 17.92 million barrels, while the UAE ranked third with 16.76 million barrels. Kuwait provided 7.58 million barrels, and Oman contributed four million barrels.
The figures mark a decline in the share of Iraqi oil in the South Korean market compared to the previous year, with import volumes from Iraq dropping by approximately 7.27 million barrels.
Iraq was the fourth-largest crude oil supplier to South Korea in the first half of 2026, accounting for 7.4 percent of the country’s total oil imports.
According to the Korea Petroleum Association (KPA) and the Korea National Oil Corporation, South Korea imported 467.12 million barrels of crude oil in the first half of the year, an eight percent decline compared to the same period in 2025.
The value of the country’s oil imports increased by 8.1 percent to $41.36 billion as global oil prices surged. Iraq’s average oil shipments to South Korea totaled 113.7 million barrels in 2025, which is an average of 311,500 barrels per day.
