2022
Exports
$193MWorld Rnk 21 / 203
Flag Rnk 284 / 1204
2022
PRODUCT COMPLEXITY IN Hard Liquor
-0.52Rnk 708 / 1025
2022
Imports
$366MWorld Rnk 24 / 224
Flag Rnk 239 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $193M in Hard Liquor, making it the 21st largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 284th most exported product in South Korea. The main destination of Hard Liquor exports from South Korea are: Japan ($47.5M), United States ($39.9M), China ($34.8M), Vietnam ($10.3M), and Philippines ($5.94M).

The fastest growing export markets for Hard Liquor of South Korea between 2021 and 2022 were United States ($15.7M), Vietnam ($2.89M), and China ($2.6M).

Imports In 2022, South Korea imported $366M in Hard Liquor, becoming the 24th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 239th most imported product in South Korea. South Korea imports Hard Liquor primarily from: United Kingdom ($190M), China ($40.4M), United States ($29.5M), France ($24.1M), and Netherlands ($13M).

The fastest growing import markets in Hard Liquor for South Korea between 2021 and 2022 were United Kingdom ($74.3M), China ($19.5M), and United States ($15.5M).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$7.44M(52.3%)
IMPORT GROWTH (September 2023 - September 2024)$-4.61M(-16.6%)
MAIN DESTINATION (September 2024)United States$6.23M

This section shows Hard Liquor'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 Hard Liquor over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$193M
IMPORTS (2022)$366M
NET TRADE (2022)-$172M

In 2022, South Korea exported $193M in Hard Liquor. The main destinations of South Korea exports on Hard Liquor were Japan ($47.5M), United States ($39.9M), China ($34.8M), Vietnam ($10.3M), and Philippines ($5.94M).

In 2022, South Korea imported $366M in Hard Liquor, mainly from United Kingdom ($190M), China ($40.4M), United States ($29.5M), France ($24.1M), and Netherlands ($13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$15.7M (64.6%)
Vietnam$2.89M (39.2%)
China$2.6M (8.09%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY South Korea WERE (2021 - 2022):
Japan-$6.79M (-12.5%)
Philippines-$6.34M (-51.6%)
Singapore-$1.43M (-33.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Hard Liquor were:
In 2022, South Korea's main importing competitors in Hard Liquor were:

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24M
TOP IMPORT POTENTIALChina+ $12.7M

Hard Liquor’s highest export potential is United States. With an export gap of $24M.   Hard Liquor’s highest import potential is China with an import gap of $12.7M.

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