Coffee in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $8.05M in Coffee, making it the 84th largest exporter of Coffee in the world. At the same year, Coffee was the 759th most exported product in South Korea. The main destination of Coffee exports from South Korea are: Hong Kong ($1.39M), Israel ($906k), United States ($898k), Mongolia ($870k), and Chinese Taipei ($700k).

The fastest growing export markets for Coffee of South Korea between 2021 and 2022 were Israel ($905k), Hong Kong ($405k), and United States ($405k).

Imports In 2022, South Korea imported $1.24B in Coffee, becoming the 10th largest importer of Coffee in the world. At the same year, Coffee was the 84th most imported product in South Korea. South Korea imports Coffee primarily from: Brazil ($205M), Colombia ($175M), United States ($147M), Switzerland ($122M), and Ethiopia ($111M).

The fastest growing import markets in Coffee for South Korea between 2021 and 2022 were Brazil ($94.4M), United States ($43.8M), and Colombia ($35.4M).

COMPANIES In 2023, leading companies such as SUCAFINA INC (5) and AMEZIEL INC (1) were at the forefront of shipping Coffee from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Coffee exports accounted up to $613k and imports accounted up to $83M, resulting in a negative trade balance of $82.4M. Between March 2023 and March 2024 the exports of South Korea's Coffee have decreased by $-36k (-5.55%) from $649k to $613k, while imports decreased by $-15M (-15.3%) from $98M to $83M.

Destinations In March 2024, Coffee were exported mostly to Mongolia ($151k), Chinese Taipei ($116k), Singapore ($112k), Saudi Arabia ($78k), and Cambodia ($49k), and were imported mostly from Brazil ($13.8M), Colombia ($13.6M), Vietnam ($10.8M), United States ($9.8M), and Switzerland ($8.58M).

Growth In March 2024, the decrease in Coffee's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-44k or -84.6%), Japan ($-30k or -69.8%), and China ($-11k or -39.3%). In March 2024, the decrease in Coffee's year-by-year imports was explained primarily by a decrease in imports from Peru ($-1.23M or -76%), Switzerland ($-956k or -7.25%), and Guatemala ($-496k or -20.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-36k(-5.55%)

IMPORT GROWTH (March 2023 - March 2024)$-15M(-15.3%)

MAIN DESTINATION (March 2024)Mongolia$151k

This section shows Coffee's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Coffee over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.05M

IMPORTS (2022)$1.24B

NET TRADE (2022)-$1.24B

In 2022, South Korea exported $8.05M in Coffee. The main destinations of South Korea exports on Coffee were Hong Kong ($1.39M), Israel ($906k), United States ($898k), Mongolia ($870k), and Chinese Taipei ($700k).

In 2022, South Korea imported $1.24B in Coffee, mainly from Brazil ($205M), Colombia ($175M), United States ($147M), Switzerland ($122M), and Ethiopia ($111M).

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