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2022
Exports $8.05MWorld Rnk 84 / 204
Flag Rnk 759 / 1204
2022
Destination $905k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $905kIsrael
2022
PRODUCT COMPLEXITY IN Coffee-1.44Rnk 940 / 1025
2022
Imports $1.24BWorld Rnk 10 / 224
Flag Rnk 84 / 1213
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 $8.05M in Coffee, making it the 84th largest exporter of Coffee in the world. At the same year, Coffee was the 759th most exported product in South Korea. The main destination of Coffee exports from South Korea are: Hong Kong ($1.39M), Israel ($906k), United States ($898k), Mongolia ($870k), and Chinese Taipei ($700k).

The fastest growing export markets for Coffee of South Korea between 2021 and 2022 were Israel ($905k), Hong Kong ($405k), and United States ($405k).

Imports In 2022, South Korea imported $1.24B in Coffee, becoming the 10th largest importer of Coffee in the world. At the same year, Coffee was the 84th most imported product in South Korea. South Korea imports Coffee primarily from: Brazil ($205M), Colombia ($175M), United States ($147M), Switzerland ($122M), and Ethiopia ($111M).

The fastest growing import markets in Coffee for South Korea between 2021 and 2022 were Brazil ($94.4M), United States ($43.8M), and Colombia ($35.4M).

COMPANIES In 2023, leading companies such as Sucafina (5) and Ameziel (1) were at the forefront of shipping Coffee from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Coffee exports accounted up to $1.02M and imports accounted up to $124M, resulting in a negative trade balance of $123M. Between August 2023 and August 2024 the exports of South Korea's   Coffee have increased by $543k (114%) from $477k to $1.02M, while imports increased by $27.5M (28.5%) from $96.2M to $124M.

Destinations In August 2024, Coffee were exported mostly to Singapore ($266k), Chinese Taipei ($254k), Saudi Arabia ($238k), Mongolia ($52k), and Malaysia ($45k), and were imported mostly from Brazil ($29.6M), Ethiopia ($16.5M), Colombia ($16.4M), United States ($12.4M), and Switzerland ($11.1M).

Growth In August 2024, the increase in Coffee's year-by-year exports was explained primarily by an increase in exports to Mongolia ($152k or 507%), United States ($58k or 215%), and Russia ($22k or 81.5%). In August 2024, the increase in Coffee'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 525%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$543k(114%)
IMPORT GROWTH (August 2023 - August 2024)$27.5M(28.5%)
MAIN DESTINATION (August 2024)Singapore$266k

This section shows Coffee'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.05M
IMPORTS (2022)$1.24B
NET TRADE (2022)-$1.24B

In 2022, South Korea exported $8.05M in Coffee. The main destinations of South Korea exports on Coffee were Hong Kong ($1.39M), Israel ($906k), United States ($898k), Mongolia ($870k), and Chinese Taipei ($700k).

In 2022, South Korea imported $1.24B in Coffee, mainly from Brazil ($205M), Colombia ($175M), United States ($147M), Switzerland ($122M), and Ethiopia ($111M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Israel$905k (80.6k%)
Hong Kong$405k (41.4%)
United States$405k (82.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee BY South Korea WERE (2021 - 2022):
Saudi Arabia-$337k (-99.9%)
Vietnam-$269k (-94.1%)
United Arab Emirates-$261k (-85.2%)
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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 were:
Brazil $8.86B
Colombia $4.15B
Vietnam $3.37B
In 2022, South Korea's main importing competitors in Coffee were:
United States $8.89B
Germany $5.06B
Italy $2.6B

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Trade Value of Coffee by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.42M
TOP IMPORT POTENTIALBrazil+ $30.5M

Coffee’s highest export potential is United States. With an export gap of $1.42M.   Coffee’s highest import potential is Brazil with an import gap of $30.5M.

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