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South Korea’s Top 10 Wine Exporters in May 2022

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The value of wine imports in South Korea has risen by 25% year on year in May.

Data from Korea Customs Service showed that there was US$54.6 million worth of overseas wines that entered the country during the month.

French wines remained the top wine import, increasing by 60% in value to US$21.4 million. Wines from the United States and Italy both went up in value by 21% and 17%, respectively. Chilean wines jumped by 4% to US$6.6 million and Australian wines soared by 22% to US$2.9 million.

There was a decrease in the value of Spanish wines in the month, down 26% to US$2.6 million. The value of imported wines from New Zealand remained virtually steady year on year at US$1.1 million. Argentinian wines also faltered in value by 23% to US$819,000.

Moreover, wines from Portugal and Germany grew in value by 13% and 62%, respectively. 

In terms of categories, imported bottles holding 2 liters or less expanded by 14% in value to US$42.2 million; bottles holding more than 2L but less 10L up 154% to US$752,000, and other imported bottles declined by 27% to US$423,000.

Year to date, imported wines in South Korea still grew valuable, up by 11% to US$251 million. 

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

Rank Country Value in 2022 Value in 2021 % Change
1 France US$21,351,000 US$13,344,000 +60%
2 United States US$9,929,000 US$8,175,000 +21%
3 Italy US$7,044,000 US$6,018,000 +17%
4 Chile US$6,623,000 US$6,340,000 +4%
5 Australia US$2,912,000 US$2,382,000 +22%
6 Spain US$2,616,000 US$3,530,000 -26%
7 New Zealand US$1,143,000 US$1,138,000 =
8 Argentina US$819,000 US$1,066,000 -23%
9 Portugal US$819,000 US$722,000 +13%
10 Germany US$530,000 US$327,000 +62%
Total US$54,621,000 US$43,548,000 +25%
Source: South Korea Customs

Wine Categories in May 2022 vs 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
In containers holding 2 liters or less US$42,249,000 US$37,215,000 +14%
In containers holding more than 2 L but not more than 10 L US$752,000 US$296,000 +154%
Other US$423,000 US$579,000 -27%
Source: South Korea Customs

South Korea’s Top 10 Wine Exporters YTD 2022 vs 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France US$225,962,000 US$65,983,000 +32%
2 United States US$48,140,000 US$40,314,000 +19%
3 Italy US$36,115,000 US$34,247,000 +5%
4 Chile US$28,892,000 US$34,725,000 -17%
5 Spain US$15,139,000 US$17,284,000 -12%
6 Australia US$13,324,000 US$14,541,000 -8%
7 New Zealand US$6,490,000 US$5,915,000 +10%
8 Argentina US$4,315,000 US$4,480,000 -4%
9 Portugal US$3,166,000 US$2,722,000 +16%
10 Germany US$2,465,000 US$1,900,000 +30%
Total US$251,090,000 US$225,962,000 +11%
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$204,330,000 US$191,930,000 +6%
In containers holding more than 2 L but not more than 10 L US$2,321,000 US$1,490,000 +56%
Other US$4,502,000 US$3,879,000 +16%
Source: South Korea Customs

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