Wine in South Korea | The Observatory of Economic Complexity

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Exports In 2023, South Korea exported $2.83M in Wine, making it the 68th largest exporter of Wine in the world. At the same year, Wine was the 845th most exported product in South Korea. The main destination of Wine exports from South Korea are: United States ($1.49M), Hong Kong ($584k), India ($338k), Australia ($128k), and France ($82.9k).

The fastest growing export markets for Wine of South Korea between 2022 and 2023 were India ($238k), Italy ($33.9k), and Burma ($28.9k).

Imports In 2023, South Korea imported $472M in Wine, becoming the 19th largest importer of Wine in the world. At the same year, Wine was the 170th most imported product in South Korea. South Korea imports Wine primarily from: France ($212M), United States ($62.6M), Italy ($55.2M), Chile ($41M), and Spain ($27.1M).

The fastest growing import markets in Wine for South Korea between 2022 and 2023 were Germany ($8.5M), France ($6.14M), and Singapore ($3.87M).

COMPANIES In 2024, leading companies such as General Motors (13), LG Electronics (4), and Callaway Golf (1) were at the forefront of shipping Wine from South Korea to the United States.

Latest Trends

December 2024

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Overview In December 2024 South Korea's Wine exports accounted up to $12k and imports accounted up to $38.9M, resulting in a negative trade balance of $38.9M. Between December 2023 and December 2024 the exports of South Korea's Wine have increased by $3k (33.3%) from $9k to $12k, while imports decreased by $-1.63M (-4.03%) from $40.6M to $38.9M.

Destinations In December 2024, Wine were exported mostly to China ($11k), Poland ($1k), South Africa ($0), Armenia ($0), and Bhutan ($0), and were imported mostly from France ($14M), United States ($6.14M), Italy ($5.12M), Chile ($4.63M), and New Zealand ($3.09M).

Growth In December 2024, the increase in Wine's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the decrease in Wine's year-by-year imports was explained primarily by a decrease in imports from Italy ($-3.01M or -38.1%), France ($-2.92M or -17.3%), and Argentina ($-352k or -37.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$3k(33.3%)

IMPORT GROWTH (December 2023 - December 2024)$-1.63M(-4.03%)

MAIN DESTINATION (December 2024)China$11k

This section shows Wine'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 Wine over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$2.83M

IMPORTS (2023)$472M

NET TRADE (2023)-$469M

In 2023, South Korea exported $2.83M in Wine. The main destinations of South Korea exports on Wine were United States ($1.49M), Hong Kong ($584k), India ($338k), Australia ($128k), and France ($82.9k).

In 2023, South Korea imported $472M in Wine, mainly from France ($212M), United States ($62.6M), Italy ($55.2M), Chile ($41M), and Spain ($27.1M).

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