NewsSouth Koreatpl_newsletter_2WineWine Trade

South Korea’s Top 10 Wine Exporters in January 2022

Stay on top of market insights from Asia that matter

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

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
1 France $13,760,000 $13,292,000 +4%
2 United States $9,107,000 $6,942,000 +31%
3 Italy $7,432,000 $7,165,000 +4%
4 Chile $5,896,000 $7,317,000 -19%
5 Australia $3,095,000 $2,587,000 +20%
6 Spain $2,983,000 $3,508,000 -15%
7 Argentina $1,334,000 $911,000 +46%
8 New Zealand $1,256,000 $1,121,000 +12%
9 Portugal $538,000 $595,000 -10%
10 Germany $300,000 $491,000 -39%
Total $46,739,000 $44,801,000 +4%
Source: South Korea Customs

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%
Other $730,000 $637,000 +15%
Source: South Korea Customs

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button