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2023
Exports $940MWorld Rnk 28 / 221
Flag Rnk 37 / 96
2023
Destination $56.2M China
2022 - 2023
FASTEST GROWING MARKET $56.2MChina
2023
PRODUCT COMPLEXITY IN Beverages, spirits, & vinegar0.11Rnk 517 / 1025
2023
Imports $2.28BWorld Rnk 16 / 226
Flag Rnk 32 / 96
2023
Origin $140M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $140MSingapore
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $940M in Beverages, spirits, & vinegar, making it the 28th largest exporter of Beverages, spirits, & vinegar in the world. At the same year, Beverages, spirits, & vinegar was the 37th most exported product in South Korea. The main destination of Beverages, spirits, & vinegar exports from South Korea are: China ($236M), United States ($175M), Japan ($112M), Hong Kong ($66.3M), and Cambodia ($55.9M).

The fastest growing export markets for Beverages, spirits, & vinegar of South Korea between 2022 and 2023 were China ($56.2M), Hong Kong ($11.4M), and Australia ($7.79M).

Imports In 2023, South Korea imported $2.28B in Beverages, spirits, & vinegar, becoming the 16th largest importer of Beverages, spirits, & vinegar in the world. At the same year, Beverages, spirits, & vinegar was the 32nd most imported product in South Korea. South Korea imports Beverages, spirits, & vinegar primarily from: Brazil ($527M), United States ($392M), France ($250M), United Kingdom ($201M), and Singapore ($149M).

The fastest growing import markets in Beverages, spirits, & vinegar for South Korea between 2022 and 2023 were Singapore ($140M), Japan ($56.6M), and Germany ($27.9M).

COMPANIES In 2024, leading companies such as Dollarama (44), Walong Marketing (14), and General Motors (13) were at the forefront of shipping Beverages, spirits, & vinegar from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Beverages, spirits, & vinegar exports accounted up to $90.1M and imports accounted up to $131M, resulting in a negative trade balance of $41.3M. Between December 2023 and December 2024 the exports of South Korea's   Beverages, spirits, & vinegar have increased by $12M (15.3%) from $78.1M to $90.1M, while imports decreased by $-9.28M (-6.59%) from $141M to $131M.

Destinations In December 2024, Beverages, spirits, & vinegar were exported mostly to China ($19.8M), United States ($12.3M), Japan ($11.4M), Vietnam ($9.09M), and Cambodia ($4.96M), and were imported mostly from United Kingdom ($21.2M), United States ($16.8M), France ($16.5M), Brazil ($16.1M), and Japan ($11M).

Growth In December 2024, the increase in Beverages, spirits, & vinegar's year-by-year exports was explained primarily by an increase in exports to China ($3.74M or 27.7%), Vietnam ($1.76M or 39.6%), and Cambodia ($1.51M or 34.5%). In December 2024, the decrease in Beverages, spirits, & vinegar's year-by-year imports was explained primarily by a decrease in imports from China ($-4.4M or -34.5%), France ($-4.39M or -21.6%), and Brazil ($-4.23M or -66.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$12M(15.3%)
IMPORT GROWTH (December 2023 - December 2024)$-9.28M(-6.59%)
MAIN DESTINATION (December 2024)China$19.8M

This section shows Beverages, spirits, & vinegar'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 Beverages, spirits, & vinegar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$940M
IMPORTS (2023)$2.28B
NET TRADE (2023)-$1.34B

In 2023, South Korea exported $940M in Beverages, spirits, & vinegar. The main destinations of South Korea exports on Beverages, spirits, & vinegar were China ($236M), United States ($175M), Japan ($112M), Hong Kong ($66.3M), and Cambodia ($55.9M).

In 2023, South Korea imported $2.28B in Beverages, spirits, & vinegar, mainly from Brazil ($527M), United States ($392M), France ($250M), United Kingdom ($201M), and Singapore ($149M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Beverages, spirits, & vinegar EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$56.2M (31.2%)
Hong Kong$11.4M (20.8%)
Australia$7.79M (31.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beverages, spirits, & vinegar BY South Korea WERE (2022 - 2023):
Vietnam-$92.7M (-100%)
Singapore-$28.5M (-46.6%)
Mongolia-$24.8M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Beverages, spirits, & vinegar were:
France $23.3B
Mexico $13.5B
Italy $13.4B
In 2023, South Korea's main importing competitors in Beverages, spirits, & vinegar were:
United States $30B
United Kingdom $10.2B
Germany $9.04B

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Trade Value of Beverages, spirits, & vinegar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $53.9M
TOP IMPORT POTENTIALItaly+ $26.7M

Beverages, spirits, & vinegar’s highest export potential is United States. With an export gap of $53.9M.   Beverages, spirits, & vinegar’s highest import potential is Italy with an import gap of $26.7M.

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