2022
Exports
$494MWorld Rnk 8 / 183
Flag Rnk 189 / 4439
falsefalse China
2022
Imports
$86.2MWorld Rnk 39 / 223
Flag Rnk 819 / 4519
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $494M in Non-alcoholic beverages nes, except fruit, veg juices, making it the 8th largest exporter of Non-alcoholic beverages nes, except fruit, veg juices in the world. At the same year, Non-alcoholic beverages nes, except fruit, veg juices was the 189th most exported product in South Korea. The main destination of Non-alcoholic beverages nes, except fruit, veg juices exports from South Korea are: China ($134M), United States ($94.3M), Vietnam ($68.1M), Japan ($20.9M), and Indonesia ($15.2M).

The fastest growing export markets for Non-alcoholic beverages nes, except fruit, veg juices of South Korea between 2021 and 2022 were Vietnam ($24.2M), United States ($6.96M), and Japan ($4.73M).

Imports In 2022, South Korea imported $86.2M in Non-alcoholic beverages nes, except fruit, veg juices, becoming the 39th largest importer of Non-alcoholic beverages nes, except fruit, veg juices in the world. At the same year, Non-alcoholic beverages nes, except fruit, veg juices was the 819th most imported product in South Korea. South Korea imports Non-alcoholic beverages nes, except fruit, veg juices primarily from: Germany ($19.9M), Thailand ($18.8M), China ($9.46M), United States ($6.98M), and Switzerland ($5.12M).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Non-alcoholic beverages nes, except fruit, veg juices from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Non-alcoholic beverages nes, except fruit, veg juices. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$494M
IMPORTS (2022)$86.2M
NET TRADE (2022)$408M

In 2022, South Korea exported $494M in Non-alcoholic beverages nes, except fruit, veg juices. The main destinations of South Korea exports on Non-alcoholic beverages nes, except fruit, veg juices were China ($134M), United States ($94.3M), Vietnam ($68.1M), Japan ($20.9M), and Indonesia ($15.2M).

In 2022, South Korea imported $86.2M in Non-alcoholic beverages nes, except fruit, veg juices, mainly from Germany ($19.9M), Thailand ($18.8M), China ($9.46M), United States ($6.98M), and Switzerland ($5.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-alcoholic beverages nes, except fruit, veg juices EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$24.2M (55.1%)
United States$6.96M (7.97%)
Japan$4.73M (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-alcoholic beverages nes, except fruit, veg juices BY South Korea WERE (2021 - 2022):
China-$11.6M (-7.93%)
Russia-$3.55M (-30.5%)
India-$2.11M (-90.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Non-alcoholic beverages nes, except fruit, veg juices were:
In 2022, South Korea's main importing competitors in Non-alcoholic beverages nes, except fruit, veg juices were:

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Trade Value of Non-alcoholic beverages nes, except fruit, veg juices by Exporters

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