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South Korea’s whiskey imports experienced a compound annual growth rate (CAGR) of 17.1% in value from 2020 to 2024, totaling $249 million.
U.S. Census Bureau's (USCB) bulk, intermediate, and consumer-oriented export data tracks U.S. food and agricultural trade shipped directly to Poland.
Korea’s beer imports reached $218 million in 2023, up 11.8 percent from $195 million in 2022, but still 30 percent down from the record high of $310 million in 2018. Although Korea’s beer imports have been decreasing since the pandemic, the United States increased exports of beer to Korea in 2023, reaching $17.9 million, up 43% from $12.5 million in 2022.
Korea’s wine import sector has been undergoing a stabilizing phase since the explosive growth around 2021. In 2023, wine imports reached 506 million USD, down 12.9 percent from the previous year, totaling 56.5 million kg, a decrease of 20.4 percent compared to 2022.
Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.
On January 1, 2022, Poland implemented an amendment to the excise duty act on alcohol. The amendment increases the excise tax on alcohol by 10 percent and proposes the Excise Map, a schedule of additional excise tax increases of five percent each year during 2023-2027.
The Republic of Korea (Korea) is a developed Asian country with a global presence in high-tech, automobile, and electronics industries. Korea is an industrial powerhouse with a skilled labor force.
The U.S. Census Bureau's export data tracks U.S. food and agricultural trade shipped directly to Poland. However, it does not measure the substantial levels of the U.S. agricultural trade to Poland routed through Western European ports of entry.
South Korean wine imports reached a record $330 million in 2020, up 27 percent from 2019. Imports from the United States totaled $56 million, up 65 percent.
South Korean wine imports reached a record $330 million in 2020, up 27 percent from 2019.
U.S. beer exports to South Korea totaled $35 million in 2020, up 3 percent from the previous year.
On January 1, 2021 Poland implemented new taxes on soft drinks, small bottles of alcoholic beverages of up to 300 milliliters (ml), and energy drinks.