NewsSouth Koreatpl_newsletterWineWine Trade

South Korea’s Wine Imports in Jan-May Climb by Two Folds

Stay on top of market insights from Asia that matter

Signup to receive insights, analysis, and breaking news direct to your inbox.

There was twice the number of imported wines that entered South Korea from January to May compared to the same months last year, according to data from Korea Customs Service.

South Korea imported 31.5 tons of wine products worth US$225.9 million, rising by 106% year on year. That figure is short of around US$30 million to match the full year 2019’s import value. 

Most of the imported wines came from France, cornering a value of US$66 million – a 120% rise from the same period a year ago. 

The country also doubled its importation of American wines which jumped by 105% to US$40.3 million.

Its third-biggest shipment of wines came from Chile, which value rose by 69% to US$34.8 million.

Both Italy and Spain saw their wine exports to South Korea increase by two folds to US$34.2 million and US$17.3 million in value, respectively. 

South Korea even tripled its order of imported wines from New Zealand and Portugal, rising by 226% to US$5.9 million and 223% to US$2.7 million, respectively. 

The country also sourced most of its imported wines from Australia, Argentina and Germany.

Korea Wine Imports January-May 2021

Total % Change Compared to 2020 Volume
$225,938,000 +105.99% 31,511.6 tons
Source: Korea Customs Service

Top 10 Importing Countries By Value (vs. January-May 2020)

Rank Country Value in 2021 Value in 2020 % Change
1 France $66,019,000 $30,084,000 +119.45%
2 United States $40,315,000 $19,625,000 +105.43%
3 Chile $34,770,000 $20,619,000 +68.6%
4 Italy $34,190,000 $15,483,000 +120.82%
5 Spain $17,284,000 $8,553,000 +102%
6 Australia $14,541,000 $7,054,000 +106.14%
7 New Zealand $5,915,000 $1,815,000 +225.9%
8 Argentina $4,435,000 $2,240,000 +98%
9 Portugal $2,722,000 $842,000 +223.28%
10 Germany $1,900,000 $842,000 +125.65%
Source: Korea Customs Service

2021 Monthly Total

Month Value
January $44,801,000
February $37,136,000
March $45,986,000
April $54,472,000
May $43,542,000
Source: Korea Customs Service

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Receive the latest news

Subscribe To Our Newsletter

Sign up to receive the latest insights, analysis, and breaking news from our on-the-ground reporters.