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South Korea’s Top 10 Wine Exporters in February 2022

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South Korea continues to increase its wine importation with its recent record in February rising by 17%.

Based on data from Korea Customs Service, the country bought US$43 million worth of wines from overseas in the said month.

Most of the import increase was delivered by France whose wine exports to South Korea grew by 39% to US$15 million. 

Its second-biggest import source, the United States, brought US$7.6 million worth of wines, which was 2% lesser compared to the value seen in the same period last year.

Italian wines that came to South Korea in the month rose by almost 50% to US$7 million compared previously.

Importation of wines from Chile, Spain, and Australia all fell year-on-year, albeit minimally. New Zealand wines expanded by 20% to US$1.45 million.

Imported wines from Portugal and Germany soared by 56% and 98% respectively, while Argentinian wines decreased by 27%. 

By wine categories, the country ordered 11% more imported bottles of 2 liters or less and 6% more bottles of more than 2L but less than 10L. Other imported wine bottles went up by 55% in value.

In the first two months of the year, South Korea bought a total of US$90 million wines from international sources, increasing by 10% over the same two-month period last year.

South Korea’s Top 10 Wine Exporters in February 2022 vs 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France US$14,696,000 US$10,609,000 +39%
2 United States US$7,563,000 US$7,726,000 -2%
3 Italy US$6,964,000 US$4,662,000 +49%
4 Chile US$5,661,000 US$5,912,000 -4%
5 Spain US$2,688,000 US$3,113,000 -14%
6 Australia US$1,495,000 US$1,558,000 -4%
7 New Zealand US$1,450,000 US$1,213,000 +20%
8 Portugal US$842,000 US$539,000 +56%
9 Germany US$659,000 US$333,000 +98%
10 Argentina US$507,000 US$692,000 -27%
Total US$43,459,000 US$37,135,000 +17%
Source: South Korea Customs

Wine Categories in February 2022 vs 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
In containers holding 2 liters or less US$35,522,000 US$32,068,000 +11%
In containers holding more than 2 ℓ but not more than 10 ℓ US$351,000 US$331,000 +6%
Other US$892,000 US$574,000 +55%
Source: South Korea Customs

South Korea’s Top 10 Wine Exporters YTD 2022

Rank Country Value in 2022 Value in 2021 % Change
1 France US$28,456,000 US$23,901,000 +19%
2 United States US$16,670,000 US$14,668,000 +14%
3 Italy US$14,396,000 US$11,827,000 +22%
4 Chile US$11,557,000 US$13,229,000 -13%
5 Spain US$5,671,000 US$6,621,000 -14%
6 Australia US$4,589,000 US$4,145,000 +11%
7 New Zealand US$2,706,000 US$2,334,000 +16%
8 Argentina US$1,840,000 US$1,603,000 +15%
9 Portugal US$1,380,000 US$1,134,000 +22%
10 Germany US$959,000 US$824,000 +16%
Total US$90,198,000 US$81,937,000 +10%
Source: South Korea Customs

Wine Categories YTD 2022 vs 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
In containers holding 2 liters or less US$73,925,000 US$70,702,000 +5%
In containers holding more than 2 liters but not more than 10l US$776,000 US$426,000 +82%
Other US$1,623,000 US$1,210,000 +34%
Source: South Korea Customs

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