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South Korea’s Q1 2022 Wine Imports Jump 10%

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South Korea reported a 10% jump in wine importation in the first quarter of the year.

Based on data from the Korea Customs Service, wine imports grew to US$140 million in value in January-March. 

This increase was lifted by the growth in its top wine import, French wines, which value rose by 21% to US$45 million. 

American wines, its second biggest wine import, also contributed to the overall growth, expanding in value by 20% to US$26 million.

There were 13% more imported wines from Italy worth US$21 million in Q1 2022 compared to the same quarter last year.

Meanwhile, importation of wines from Chile, Spain, and Australia saw decreases of 12%, 14% and 7%, respectively. 

New Zealand wines went up 9% in value to US$4.3 million while Argentinian wines fell by 3% to US$2.35 million. 

Wines from Portugal and Germany recorded growth of 23% and 45%, respectively.

In terms of categories, there were 5% more imported bottles of 2 liters or less worth US$115 million in the said quarter, 50% more imported bottles of over 2L but less than 10L, and 28% more of other imported bottles.

In March alone, South Korea bought US$50 million worth of wines from abroad, increasing by 9% over the same month last year.

South Korea’s Top 10 Wine Exporters in Q1 2022

Rank Country Value in 2022 Value in 2021 % Change
1 France US$45,233,000 US$37,525,000 +21%
2 United States US$26,477,000 US$22,005,000 +20%
3 Italy US$21,414,000 US$18,892,000 +13%
4 Chile US$17,863,000 US$20,349,000 -12%
5 Spain US$8,686,000 US$10,150,000 -14%
6 Australia US$6,978,000 US$7,498,000 -7%
7 New Zealand US$4,284,000 US$3,926,000 +9%
8 Argentina US$2,350,000 US$2,430,000 -3%
9 Portugal US$2,055,000 US$1,670,000 +23%%
10 Germany US$1,415,000 US$977,000 +45%
Total US$140,182,000 US$127,938,000 +10%
Source: South Korea Customs

Wine Categories in Q1 2022

Bottled Wine Size Value in 2022 Value in 2021 % Change
In containers holding 2 liters or less US$115,405,000 US$109,745,000 +5%
In containers holding more than 2 L but not more than 10 L US$1,235,000 US$825,000 +50%
Other US$2,607,000 US$2,033,000 +28%
Source: South Korea Customs

South Korea’s Top 10 Wine Exporters in March 2022

Rank Country Value in 2022 Value in 2021 % Change
1 France US$16,784,000 US$13,624,000 +23%
2 United States US$9,811,000 US$7,337,000 +34%
3 Italy US$7,018,000 US$7,065,000 =
4 Chile US$6,306,000 US$7,119,000 -11%
5 Spain US$3,015,000 US$3,529,000 -15%
6 Australia US$2,389,000 US$3,352,000 -29%
7 New Zealand US$1,578,000 US$1,592,000 =
8 Portugal US$674,000 US$536,000 +26%
9 Argentina US$510,000 US$827,000 -38%%
10 Germany US$456,000 US$154,000 +196%
Total US$49,995,000 US$46,001,000 +9%
Source: South Korea Customs

Wine Categories in March 2022

Bottled Wine Size Value in 2022 Value in 2021 % Change
In containers holding 2 liters or less US$41,487,000 US$39,043,000 +6%
In containers holding more than 2 L but not more than 10 L US$460,000 US$399,000 +15%
Other US$988,000 US$823,000 +20%
Source: South Korea Customs

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