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Dates: 27 August 1972-2 September 1972
Heats
Repechages
Semi-finals
Final
| Rank | Name | Nation | Time |
| 1 | Yury Malyshev | URS | 7:10.12 |
| 2 | Alberto Demiddi | ARG | 7:11.53 |
| 3 | Wolfgang Güldenpfennig | GDR | 7:14.45 |
| 4 | Udo Hild | FRG | 7:20.81 |
| 5 | James Dietz | USA | 7:24.81 |
| 6 | Melchior Bürgin | SUI | 7:31.99 |
| Final B | |||
| 7 | Seán Drea | IRL | 7:55.33 |
| 8 | Yordan Valchev | BUL | 7:59.55 |
| 9 | Kenneth Dwan | GBR | 8:00.38 |
| 10 | Murray Watkinson | NZL | 8:05.42 |
| 11 | Kim Børgesen | DEN | 8:09.04 |
| 12 | Jaroslav Hellebrand | TCH | 8:11.04 |
| Repechages | |||
| 13 | Janis Rodmanis | CHI | 8:29.66 |
| 13 | Lennart Bälter | SWE | 8:11.07 |
| 13 | Hideo Okamoto | JPN | 8:27.36 |
| 16 | Jim Butterfield | BER | 8:26.16 |
| 16 | Guillermo Spamer | MEX | 8:40.76 |
| 16 | José Marques | POR | 8:54.27 |