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South Korea’s Top 10 Wine Importing Countries in July 2021

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South Korea raised its importation of wines by 74% in the month of July over the level seen in the same month last year.

Based on the latest data from Korea Customs Service, the country bought US$45 million worth of imported wines last month, when it imposed a stringent ban on social gatherings before the evening.

Total importation was heavily lifted by wine imports from France – its top import source, which has more than doubled to US$18 million over the previous year.

South Korea also bought more wines from the US and Italy, raising imports by 70% and 63%, respectively. It also imported 7% more Chilean wines on top of last year and 50% more Spanish wines. 

It’s worth noting that the country’s importation of wines from Argentina grew thrice from below US$500,000 to nearly US$1.5 million. 

Only imported wines from Portugal were lower by 4% compared to the same month a year ago.

By category, South Korea bought US$37.5 million worth of bottled wines of 2 liters or less, a 72% rise over last year’s level. 

Imported bottled wines of over 2 liters were up 23% to around US$500,000 and other bottled wines increased by 83% to over a quarter of a million dollars.

Over the past seven months, South Korea imported a total of US$325 million wines, twice the amount bought in the same months in 2020.

South Korea’s Top Wine Sources in July 2021 vs 2020

Rank Country Value in 2021 Value in 2020 % Change
1 France US$17,901,000 US$7,723,000 +132%
2 US US$6,762,000 US$3,970,000 +70%
3 Italy US$6,200,000 US$3,804,000 +63%
4 Chile US$4,577,000 US$4,277,000 +7%
5 Spain US$2,956,000 US$1,966,000 +50%
6 Australia US$2,380,000 US$1,445,000 +65%
7 New Zealand US$1,441,000 US$913,000 +58%
8 Argentina US$1,007,000 US$322,000 +213%
9 Portugal US$625,000 US$649,000 -4%
10 Germany US$352,000 US$275,000 +28%
Total US$45,016,000 US$25,891,000 +74%
Source: South Korea Customs

Bottled Wine Categories July 2021 vs 2020

Wine Category Value in 2021 Value in 2020 % Change
2 liters or less US$37,459,000 US$21,747,000 +72%
Over 2 liters US$534,000 US$435,000 +23%
Others US$263,000 US$144,000 +83%
Source: South Korea Customs

South Korea’s Top Wine Sources YTD 2021 vs 2020

Rank Country Value in 2021 Value in 2020 % Change
1 France US$101,414,000 US$43,755,000 +132%
2 US US$54,433,000 US$28,196,000 +93%
3 Italy US$50,638,000 US$23,135,000 +119%
4 Chile US$46,024,000 US$29,599,000 +55%
5 Spain US$24,794,000 US$13,116,000 +89%
6 Australia US$19,727,000 US$9,654,000 +104%
7 New Zealand US$9,013,000 US$3,096,000 +191%
8 Argentina US$6,209,000 US$3,298,000 +88%
9 Portugal US$3,988,000 US$1,765,000 +126%
10 Germany US$2,943,000 US$1,412,000 +108%
Total US$325,003,000 US$160,568,000 +102%
Source: South Korea Customs

Bottled Wine Categories YTD 2021 vs 2020

Wine Category Value in 2021 Value in 2020 % Change
2 liters or less US$274,331,000 US$134,545,000 +104%
Over 2 liters US$2,593,000 US$1,622,000 +60%
Others US$4,916,000 US$2,599,000 +89%
Source: South Korea Customs

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