Introduction The existence of microvasculopathy in patients with chronic thromboembolic pulmonary hypertension (CTEPH) has been suggested. Recently dual-energy computed tomography (DE-CT) has been used to produce a sensitive iodine distribution map in lung fields to indicate microvasculopathy according to poor subpleural perfusion (PSP). Our aim was to evaluate the impact of microvasculopathy on pathophysiology in CTEPH. Methods According to the extent of PSP, 93 interventional treatment-naïve patients were divided into poorly perfused (n=49) or normally perfused group (n=44). We assessed cardiopulmonary exercise test, right heart catheterization, and DE-CT parameters for quantitative evaluation of lung perfusion of blood volume (lung PBV) score. Results Lung PBV score in normally perfused group was significantly inversely correlated with pulmonary vascular resistance (PVR) (PVR= 6816.1Ãlung PBV score -0.793, R² = 0.225, p<0.01), butãlung PBV score in poorly perfused group was not. Poorly perfused group had higher PVR (879±409 dynes-sec/cm5 vs. 574±279 dynes-sec/cm5, p<0.01) and lower lung PBV score (22.1±5.4 vs. 26.4±6.6, p<0.01) and %DLCO/VA (59.9±15.4% vs. 78.8±14.2%, p<0.01). Conclusions PBV score in the normally perfused group showed an inverse correlation with PVR; however, that in poorly perfused group did not. Microvasculopathy might contribute to severe hemodynamics, apart from pulmonary vascular obstruction. In our experience, more than half of treatment-naïve CTEPH patients have microvasculopathy.