# South Korea Targets 16 Million Barrels of Canadian Crude in 2026

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/26816
Published: 2026-10-05T12:52:19.000Z
Updated: 2026-10-05T12:52:19.000Z
Section: Business

> The target compares with 4.88 million barrels in 2025. Seoul also aims to raise annual imports to as much as 20 million barrels over time, without a timetable.

South Korea is targeting up to 16 million barrels of Canadian crude in 2026, more than triple its 4.88 million barrels in 2025, as it seeks to reduce exposure to supply disruptions around the Strait of Hormuz.

The 16 million-barrel figure is a target, not a completed import total. South Korea has also set a longer-term goal of importing as much as 20 million barrels of Canadian crude annually, but no timetable was specified.

Saudi crude accounted for 29.9% of South Korea's imports from January through August. That was the first time its share had fallen below 30% since 2021.