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Pricing

2022
Exports $72.7MWorld Rnk 25 / 142
Flag Rnk 422 / 1204
2022
Destination $18.4M Japan
2021 - 2022
FASTEST GROWING MARKET $18.4MJapan
2022
PRODUCT COMPLEXITY IN Alcohol > 80% ABV-0.82Rnk 784 / 1025
2022
Imports $1.02BWorld Rnk 4 / 209
Flag Rnk 101 / 1213
2022
Origin $163M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $163MBrazil
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $72.7M in Alcohol > 80% ABV, making it the 25th largest exporter of Alcohol > 80% ABV in the world. At the same year, Alcohol > 80% ABV was the 422nd most exported product in South Korea. The main destination of Alcohol > 80% ABV exports from South Korea are: Japan ($36.3M), Vietnam ($16.5M), Singapore ($10.4M), New Zealand ($3.23M), and Philippines ($2.89M).

The fastest growing export markets for Alcohol > 80% ABV of South Korea between 2021 and 2022 were Japan ($18.4M), Philippines ($2.41M), and Australia ($1.88M).

Imports In 2022, South Korea imported $1.02B in Alcohol > 80% ABV, becoming the 4th largest importer of Alcohol > 80% ABV in the world. At the same year, Alcohol > 80% ABV was the 101st most imported product in South Korea. South Korea imports Alcohol > 80% ABV primarily from: Brazil ($541M), United States ($454M), Pakistan ($11.1M), South Africa ($8.19M), and Germany ($1.42M).

The fastest growing import markets in Alcohol > 80% ABV for South Korea between 2021 and 2022 were Brazil ($163M), United States ($121M), and Pakistan ($8.91M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (1) were at the forefront of shipping Alcohol > 80% ABV from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Alcohol > 80% ABV exports accounted up to $887k and imports accounted up to $20.9M, resulting in a negative trade balance of $20M. Between July 2023 and July 2024 the exports of South Korea's   Alcohol > 80% ABV have decreased by $-1.64M (-64.9%) from $2.53M to $887k, while imports increased by $487k (2.38%) from $20.4M to $20.9M.

Destinations In July 2024, Alcohol > 80% ABV were exported mostly to Japan ($660k), New Zealand ($69k), Philippines ($60k), Indonesia ($43k), and Chinese Taipei ($20k), and were imported mostly from United States ($10.6M), Brazil ($8.75M), South Africa ($567k), Australia ($375k), and Pakistan ($365k).

Growth In July 2024, the decrease in Alcohol > 80% ABV's year-by-year exports was explained primarily by a decrease in exports to Japan ($-2.9M or -61%), Philippines ($-46k or -12.3%), and Thailand ($-46k or -100%). In July 2024, the increase in Alcohol > 80% ABV's year-by-year imports was explained primarily by an increase in imports from South Africa ($206k or 56.3%), Canada ($3k or 150%), and Vietnam ($2k or 3.77%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-1.64M(-64.9%)
IMPORT GROWTH (July 2023 - July 2024)$487k(2.38%)
MAIN DESTINATION (July 2024)Japan$660k

This section shows Alcohol > 80% ABV'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 Alcohol > 80% ABV over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$72.7M
IMPORTS (2022)$1.02B
NET TRADE (2022)-$947M

In 2022, South Korea exported $72.7M in Alcohol > 80% ABV. The main destinations of South Korea exports on Alcohol > 80% ABV were Japan ($36.3M), Vietnam ($16.5M), Singapore ($10.4M), New Zealand ($3.23M), and Philippines ($2.89M).

In 2022, South Korea imported $1.02B in Alcohol > 80% ABV, mainly from Brazil ($541M), United States ($454M), Pakistan ($11.1M), South Africa ($8.19M), and Germany ($1.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Alcohol > 80% ABV EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$18.4M (103%)
Philippines$2.41M (508%)
Australia$1.88M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Alcohol > 80% ABV BY South Korea WERE (2021 - 2022):
Singapore-$31.6M (-75.2%)
Turkey-$1.22M (-100%)
United Arab Emirates-$41.4k (-99.9%)
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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 Alcohol > 80% ABV were:
United States $4.14B
Brazil $1.8B
Netherlands $1.69B
In 2022, South Korea's main importing competitors in Alcohol > 80% ABV were:
Netherlands $2.53B
Germany $1.64B
Canada $1.52B

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Trade Value of Alcohol > 80% ABV by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $1.29M
TOP IMPORT POTENTIALPakistan+ $11.4M

Alcohol > 80% ABV’s highest export potential is Philippines. With an export gap of $1.29M.   Alcohol > 80% ABV’s highest import potential is Pakistan with an import gap of $11.4M.

See methodology.

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