Top 5 Oil Importing Countries in 2023

In this article, we discuss the top 5 oil importing countries in 2023. If you want to see more top oil importing countries in 2023, go directly to Top 20 Oil Importing Countries in 2023. In this article, oil is defined as crude oil.

5. South Korea

Crude Oil Imports (barrels/day) as of 2017: 3,057,000

South Korea has one of Asia’s largest economies with a GDP of $1.811 trillion in 2021. Given it doesn’t produce much hydrocarbons, South Korea is a big importer of crude oil. In 2021, the country imported $21.32 billion of crude oil from Saudi Arabia, $8.4 billion from the United States, and $7.23 billion from Kuwait.