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South Korea’s Top 10 Wine Exporting Countries in August 2021

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South Korea continued raising its wine importation in August, topping the record seen in the same month last year. 

Data from Korea Customs Service showed that the country received US$45.4 million worth of imported wine in August, a 63% jump in value posted in the same month in 2020.

The increased importation was lifted by the entry of more French wine in the month at US$15.2 million, up 72% year-on-year.

There was twice more wine from Italy worth US$9.3 million that entered the South Korean ports. Imported wine from the US, which ranked third among imports, also soared by 41% to US$6.6 million.

There was a slight year-on-year increase in Chilean wine that came through South Korea in August, valued at US$4.7 million while there was a 55% growth in the importation of Spanish wine to US$3.8 million.

Imported wine from the Pacific also expanded: Australian wine jumped by 39% to US$2 million while New Zealand wine climbed by 85% to US$1 million.

South Korea tripled its importation of wine from Argentina, from over a quarter of US dollars last year to nearly US$900,000 this year.

The country also doubled its importation of wine from Portugal and Germany, rising to US$757,000 and US$330,000, respectively.

By category, there was a 72% increase in imported wine in containers of 2 liters or less to a value of US$38.5 million. 

South Korea saw fewer importations of wine in containers over 2 liters worth only US$254,000 while uncategorized bottled wine also declined to US$331,000. 

Year-to-date, South Korea imported US$370 million worth of wine, rising by 97% over the same January-August period previously.

In other news, South Korea came in second to the US for being the most attractive wine market in 2021, based on a recent global study by Wine Intelligence.

South Korea’s Top Wine Exporters in August 2021 vs 2020

Rank Country Value in 2021 Value in 2020 % Change
1 France US$15,199,000 US$8,819,000 +72%
2 Italy US$9,310,000 US$3,870,000 +141%
3 US US$6,607,000 US$4,694,000 +41%
4 Chile US$4,753,000 US$4,686,000 +1%
5 Spain US$3,755,000 US$2,425,000 +55%
6 Australia US$2,004,000 US$1,444,000 +39%
7 New Zealand US$1,053,000 US$569,000 +85%
8 Argentina US$876,000 US$287,000 +205%
9 Portugal US$757,000 US$324,000 +134%
10 Germany US$330,000 US$154,000 +114%
Total US$45,428,000 US$27,948,000 +63%
Source: South Korea Customs

Bottled Wine Categories in August 2021 vs 2020

Wine Category Value in 2021 Value in 2020 % Change
2 liters or less US$38,537,000 US$22,456,000 +72%
Over 2 liters US$254,000 US$452,000 -44%
Others US$331,000 US$393,000 -16%
Source: South Korea Customs

South Korea’s Top Wine Exporters YTD 2021 vs 2020

Rank Country Value in 2021 Value in 2020 % Change
1 France US$116,619,000 US$52,574,000 +122%
2 US US$61,039,000 US$32,890,000 +86%
3 Italy US$59,960,000 US$27,005,000/td> +122%
4 Chile US$50,777,000 US$34,286,000 +48%
5 Spain US$28,549,000 US$15,541,000 +84%
6 Australia US$21,732,000 US$11,098,000 +96%
7 New Zealand US$10,066,000 US$3,664,000 +175%
8 Argentina US$7,085,000 US$3,585,000 +98%
9 Portugal US$4,745,000 US$2,089,000 +127%
10 Germany US$3,273,000 US$1,566,000 +109%
Total US$370,447,000 US$188,516,000 +97%
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$312,873,000 US$157,001,00 +99%
Over 2 liters US$2,847,000 US$2,074,000 +37%
Others US$5,246,000 US$2,992,000 +75%
Source: South Korea Customs

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