South Korea’s beer imports from China and Japan in October decreased and increased

Published Nov 16, 2023

Tridge summary

South Korea's Chinese beer imports decreased by over 40% in October due to concerns over the "Tsingtao Beer raw material warehouse urination incident". In contrast, Japanese beer imports surged by more than 300% during the same month. This led to a trade deficit of $11.613 million in the beer sector for South Korea, while the soju trade achieved a surplus of $9.289 million.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Yonhap News Agency, Seoul, November 16th: Affected by the "Tsingtao Beer raw material warehouse urination incident", South Korea's Chinese beer imports dropped by more than 40% year-on-year in October, while Japanese beer imports surged by more than 300%. ​ According to trade statistics released by the Customs Department (Customs) on the 16th, China’s beer import volume fell 42.6% year-on-year to 2,281 tons in October, and the import value dropped 37.7% year-on-year to US$1.927 million. The scale and amount of China’s beer imports have increased since July It has shown a downward trend for four consecutive months. On the 19th of last month, a video of a Tsingtao Brewery worker climbing into a raw material warehouse to urinate spread online. Although the Korean importer explained that the products produced by the factory in the video are only for domestic sales in China. It has nothing to do with imported products, but it failed to dispel consumers' concerns. ​ In contrast, ...
Source: Foodmate

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