Iraq’s crude oil exports to South Korea declined by 45.6% during the first eight months of 2026, totaling 38.344 million barrels, down from 70.550 million barrels recorded over the same period in 2025.
Data released by the Korea National Oil Corporation showed that Saudi Arabia retained its position as South Korea’s leading oil supplier, delivering 196.215 million barrels, despite a 15.65% annual decrease.
The United States ranked second with shipments of 131.094 million barrels, followed by the United Arab Emirates with 101.556 million barrels. Iraq placed fourth among the country’s major oil suppliers.
Kuwait ranked fifth, exporting 36.708 million barrels, while Oman followed with 19.404 million barrels during the January–August period.
