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2022
Exports $57.9MWorld Rnk 69 / 218
Flag Rnk 81 / 96
2022
Destination $3.73M Japan
2021 - 2022
FASTEST GROWING MARKET $3.73MJapan
2022
PRODUCT COMPLEXITY IN Coffee, tea, mate & spices-1.2Rnk 880 / 1025
2022
Imports $1.37BWorld Rnk 13 / 224
Flag Rnk 48 / 96
2022
Origin $94.4M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $94.4MBrazil
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $57.9M in Coffee, tea, mate & spices, making it the 69th largest exporter of Coffee, tea, mate & spices in the world. At the same year, Coffee, tea, mate & spices was the 81st most exported product in South Korea. The main destination of Coffee, tea, mate & spices exports from South Korea are: Japan ($19.9M), United States ($12.9M), Chinese Taipei ($2.65M), Canada ($2.11M), and Philippines ($1.99M).

The fastest growing export markets for Coffee, tea, mate & spices of South Korea between 2021 and 2022 were Japan ($3.73M), United States ($1.63M), and Israel ($1.1M).

Imports In 2022, South Korea imported $1.37B in Coffee, tea, mate & spices, becoming the 13th largest importer of Coffee, tea, mate & spices in the world. At the same year, Coffee, tea, mate & spices was the 48th most imported product in South Korea. South Korea imports Coffee, tea, mate & spices primarily from: Brazil ($205M), Colombia ($175M), United States ($151M), Switzerland ($122M), and Vietnam ($117M).

The fastest growing import markets in Coffee, tea, mate & spices for South Korea between 2021 and 2022 were Brazil ($94.4M), United States ($43.2M), and Colombia ($35.4M).

COMPANIES In 2023, leading companies such as LG Electronics (59), Wismettac Asian Foods (16), and Samsung (14) were at the forefront of shipping Coffee, tea, mate & spices from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Coffee, tea, mate & spices exports accounted up to $4.09M and imports accounted up to $148M, resulting in a negative trade balance of $144M. Between October 2023 and October 2024 the exports of South Korea's   Coffee, tea, mate & spices have increased by $668k (19.5%) from $3.43M to $4.09M, while imports increased by $39.6M (36.6%) from $108M to $148M.

Destinations In October 2024, Coffee, tea, mate & spices were exported mostly to United States ($897k), Japan ($742k), Chinese Taipei ($517k), Singapore ($276k), and Vietnam ($249k), and were imported mostly from Brazil ($27.3M), Colombia ($19.3M), Switzerland ($17.6M), Ethiopia ($15.9M), and Vietnam ($15M).

Growth In October 2024, the increase in Coffee, tea, mate & spices's year-by-year exports was explained primarily by an increase in exports to Mongolia ($144k or 379%), Canada ($115k or 117%), and Malaysia ($73k or 365%). In October 2024, the increase in Coffee, tea, mate & spices's year-by-year imports was explained primarily by an increase in imports from Brazil ($7.54M or 74.9%), Colombia ($2.23M or 19.7%), and Uganda ($1.84M or 526%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$668k(19.5%)
IMPORT GROWTH (October 2023 - October 2024)$39.6M(36.6%)
MAIN DESTINATION (October 2024)United States$897k

This section shows Coffee, tea, mate & spices'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 Coffee, tea, mate & spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.9M
IMPORTS (2022)$1.37B
NET TRADE (2022)-$1.31B

In 2022, South Korea exported $57.9M in Coffee, tea, mate & spices. The main destinations of South Korea exports on Coffee, tea, mate & spices were Japan ($19.9M), United States ($12.9M), Chinese Taipei ($2.65M), Canada ($2.11M), and Philippines ($1.99M).

In 2022, South Korea imported $1.37B in Coffee, tea, mate & spices, mainly from Brazil ($205M), Colombia ($175M), United States ($151M), Switzerland ($122M), and Vietnam ($117M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee, tea, mate & spices EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$3.73M (23%)
United States$1.63M (14.4%)
Israel$1.1M (338%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee, tea, mate & spices BY South Korea WERE (2021 - 2022):
Vietnam-$794k (-44.2%)
China-$776k (-29.2%)
Saudi Arabia-$323k (-83.1%)
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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 Coffee, tea, mate & spices were:
Brazil $9.34B
Vietnam $5.02B
India $4.23B
In 2022, South Korea's main importing competitors in Coffee, tea, mate & spices were:
United States $11.4B
Germany $5.96B
Italy $2.8B

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Trade Value of Coffee, tea, mate & spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.83M
TOP IMPORT POTENTIALVietnam+ $30.8M

Coffee, tea, mate & spices’s highest export potential is United States. With an export gap of $3.83M.   Coffee, tea, mate & spices’s highest import potential is Vietnam with an import gap of $30.8M.

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