Hard Liquor in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $193M in Hard Liquor, making it the 21st largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 284th most exported product in South Korea. The main destination of Hard Liquor exports from South Korea are: Japan ($47.5M), United States ($39.9M), China ($34.8M), Vietnam ($10.3M), and Philippines ($5.94M).

The fastest growing export markets for Hard Liquor of South Korea between 2021 and 2022 were United States ($15.7M), Vietnam ($2.89M), and China ($2.6M).

Imports In 2022, South Korea imported $366M in Hard Liquor, becoming the 24th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 239th most imported product in South Korea. South Korea imports Hard Liquor primarily from: United Kingdom ($190M), China ($40.4M), United States ($29.5M), France ($24.1M), and Netherlands ($13M).

The fastest growing import markets in Hard Liquor for South Korea between 2021 and 2022 were United Kingdom ($74.3M), China ($19.5M), and United States ($15.5M).

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Hard Liquor exports accounted up to $14.9M and imports accounted up to $26.8M, resulting in a negative trade balance of $12M. Between March 2023 and March 2024 the exports of South Korea's Hard Liquor have decreased by $-1.82M (-10.9%) from $16.7M to $14.9M, while imports decreased by $-2.69M (-9.1%) from $29.5M to $26.8M.

Destinations In March 2024, Hard Liquor were exported mostly to United States ($3.45M), China ($3.14M), Japan ($3.14M), Vietnam ($712k), and Philippines ($533k), and were imported mostly from United Kingdom ($14.9M), United States ($2.26M), China ($2.25M), France ($1.72M), and Japan ($1.64M).

Growth In March 2024, the decrease in Hard Liquor's year-by-year exports was explained primarily by a decrease in exports to Canada ($-381k or -69.1%), Vietnam ($-236k or -24.4%), and Australia ($-211k or -43.3%). In March 2024, the decrease in Hard Liquor's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-510k or -3.06%), Italy ($-289k or -39.9%), and China ($-288k or -12.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-1.82M(-10.9%)

IMPORT GROWTH (March 2023 - March 2024)$-2.69M(-9.1%)

MAIN DESTINATION (March 2024)United States$3.45M

This section shows Hard Liquor'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 Hard Liquor over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

EXPORTS (2022)$193M

IMPORTS (2022)$366M

NET TRADE (2022)-$172M

In 2022, South Korea exported $193M in Hard Liquor. The main destinations of South Korea exports on Hard Liquor were Japan ($47.5M), United States ($39.9M), China ($34.8M), Vietnam ($10.3M), and Philippines ($5.94M).

In 2022, South Korea imported $366M in Hard Liquor, mainly from United Kingdom ($190M), China ($40.4M), United States ($29.5M), France ($24.1M), and Netherlands ($13M).

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