Beer in South Korea | The Observatory of Economic Complexity

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

March 2024

About

Overview In March 2024 South Korea's Beer exports accounted up to $7.22M and imports accounted up to $15.3M, resulting in a negative trade balance of $8.1M. Between March 2023 and March 2024 the exports of South Korea's Beer have increased by $1.28M (21.5%) from $5.94M to $7.22M, while imports decreased by $-7.2M (-32%) from $22.5M to $15.3M.

Destinations In March 2024, Beer were exported mostly to Hong Kong ($2.64M), Mongolia ($1.39M), Japan ($1.15M), United States ($497k), and Singapore ($461k), and were imported mostly from Japan ($3.79M), China ($2.53M), Netherlands ($2.21M), United States ($1.84M), and Ireland ($916k).

Growth In March 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 ($215k or 50.7%). In March 2024, the decrease in Beer's year-by-year imports was explained primarily by a decrease in imports from Poland ($-802k or -44.8%), Belgium ($-682k or -68.2%), and Denmark ($-513k or -71.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$1.28M(21.5%)

IMPORT GROWTH (March 2023 - March 2024)$-7.2M(-32%)

MAIN DESTINATION (March 2024)Hong Kong$2.64M

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

Trade Value

Growth

Growth (%)

Year

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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