South Korea saw its wine importations grow to US$47 million at the start of the new year.
Based on data from the Korea Customs Service, the country raised its wine imports by 4% in January, mainly driven by increases in exports made by its top three exporters.
France, which remains its top wine exporter, delivered around US$14 million worth of wines to South Korea, rising by 4% compared to the same month last year.
The United States went up two notches taking the second spot as a top exporter as it raised wine exports by 31% to US$9 million.
Imported wines from Italy grew by 4% in value to $7.4 million.
Chilean wines, which was formerly the second-biggest imported wine in South Korea, went down to the fourth spot as imports fell by 19% to US$6 million.
Australia switched places with Spain for fifth place as it raised wine exports by a fifth to US$3 million. Spanish wines declined by 15% to US$2.9 million.
Argentinian wines also swapped with New Zealand wines for the seventh spot as importation rose by 46% to US$1.3 million. The latter still showed import growth of 12%.
Wine importations from Portugal and Germany both went down by 10% and 39%, respectively.
In terms of categories, there was no change in imported wines in containers holding 2 liters or less at US$38.4 million.
Imported bottles of over 2L but less than 10L expanded by four times to $420,000. Meanwhile, there was a 15% increase in other imported wines.
South Korea’s Top 10 Wine Exporters in January 2022 vs 2021
|Rank||Country||Value in 2022||Value in 2021||% Change|
Wine Categories in January 2022 vs 2021
|Bottled Wine Size||Value in 2022||Value in 2021||% Change|
|In containers holding 2 L or less||$38,403,000||$38,634,000||=|
|In containers holding more than 2 L but not more than 10 L||$424,000||$95,000||+346%|