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2022
Exports $72MWorld Rnk 24 / 181
Flag Rnk 425 / 1204
2022
Destination $4.48M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $4.48MMongolia
2022
PRODUCT COMPLEXITY IN Beer-0.28Rnk 641 / 1025
2022
Imports $199MWorld Rnk 13 / 223
Flag Rnk 361 / 1213
2022
Origin $7.71M China
2021 - 2022
FASTEST GROWING ORIGIN $7.71MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $72M in Beer, making it the 24th largest exporter of Beer in the world. At the same year, Beer was the 425th most exported product in South Korea. The main destination of Beer exports from South Korea are: Hong Kong ($25.3M), Japan ($10.9M), Mongolia ($8.44M), Iraq ($6.82M), and United States ($6.27M).

The fastest growing export markets for Beer of South Korea between 2021 and 2022 were Mongolia ($4.48M), Japan ($4.42M), and Australia ($917k).

Imports In 2022, South Korea imported $199M in Beer, becoming the 13th largest importer of Beer in the world. At the same year, Beer was the 361st most imported product in South Korea. South Korea imports Beer primarily from: China ($35.5M), Netherlands ($28.8M), United States ($16.2M), United Kingdom ($16.1M), and Germany ($15.6M).

The fastest growing import markets in Beer for South Korea between 2021 and 2022 were Japan ($7.71M), Vietnam ($2.67M), and Spain ($719k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Beer exports accounted up to $8.18M and imports accounted up to $20.1M, resulting in a negative trade balance of $11.9M. Between October 2023 and October 2024 the exports of South Korea's   Beer have increased by $2.44M (42.6%) from $5.74M to $8.18M, while imports increased by $2.72M (15.7%) from $17.3M to $20.1M.

Destinations In October 2024, Beer were exported mostly to Mongolia ($2.45M), Hong Kong ($1.97M), Japan ($1.01M), United States ($785k), and Singapore ($537k), and were imported mostly from Japan ($6.03M), Netherlands ($3.84M), United States ($1.81M), China ($1.35M), and Germany ($1.28M).

Growth In October 2024, the increase in Beer's year-by-year exports was explained primarily by an increase in exports to Japan ($1.19M or 1.8k%), Iraq ($329k or 33.3%), and United States ($215k or 50.7%). In October 2024, the increase in Beer's year-by-year imports was explained primarily by an increase in imports from Japan ($1.52M or 315%), United Kingdom ($193k or 333%), and Vietnam ($189k or 215%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.44M(42.6%)
IMPORT GROWTH (October 2023 - October 2024)$2.72M(15.7%)
MAIN DESTINATION (October 2024)Mongolia$2.45M

This section shows Beer's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Beer over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$72M
IMPORTS (2022)$199M
NET TRADE (2022)-$127M

In 2022, South Korea exported $72M in Beer. The main destinations of South Korea exports on Beer were Hong Kong ($25.3M), Japan ($10.9M), Mongolia ($8.44M), Iraq ($6.82M), and United States ($6.27M).

In 2022, South Korea imported $199M in Beer, mainly from China ($35.5M), Netherlands ($28.8M), United States ($16.2M), United Kingdom ($16.1M), and Germany ($15.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beer EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Mongolia$4.48M (113%)
Japan$4.42M (68.1%)
Australia$917k (54%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beer BY South Korea WERE (2021 - 2022):
Hong Kong-$3.05M (-10.7%)
Russia-$447k (-37.4%)
Indonesia-$28.2k (-94.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Beer were:
Mexico $5.95B
Netherlands $2.06B
Belgium $1.7B
In 2022, South Korea's main importing competitors in Beer were:
United States $6.88B
France $1.07B
Italy $697M

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Trade Value of Beer by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.13M
TOP IMPORT POTENTIALBelgium+ $3.92M

Beer’s highest export potential is United States. With an export gap of $7.13M.   Beer’s highest import potential is Belgium with an import gap of $3.92M.

See methodology.

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