Sugar Prices in South Korea
| Variety | Market level | Price (US$/kg) | Local (KRW) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| EU | Global benchmark | 0.38 | 507 | ▲ 0.0% | ▲ 2.7% | World Bank Pink Sheet |
| US | Global benchmark | 0.79 | 1,053 | ▲ 2.6% | ▼ 2.5% | World Bank Pink Sheet |
| World | Global benchmark | 0.34 | 453 | ▲ 6.3% | ▼ 12.8% | World Bank Pink Sheet |
| - | Export (unit value) | 0.59 | 782 | ▼ 13.1% | ▼ 13.1% | UN Comtrade (unit value) |
As of June 2026, the sugar price in South Korea available is US$ 0.59 per kg (782 KRW), down 13.1% year-on-year.
In 2024, South Korea exported 270,353 tonnes of sugar valued at US$182.3 million, ranking 18th among 118 global exporters and accounting for 1.1% of world exports. The country is a net exporter, with export value showing a slight year-on-year decrease of 0.1%. The latest export unit value for sugar is US$0.5865 per kg.
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Sugar Price History & Trend
Global benchmark (world reference) price for sugar, US$ per kg.
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Production, Exports, Imports & HS Codes - sugar in South Korea
In 2024, South Korea exported 270,353 tonnes of sugar valued at US$182.3 million, ranking 18th among 118 global exporters and accounting for 1.1% of world exports. The country is a net exporter, with export value showing a slight year-on-year decrease of 0.1%. The latest export unit value for sugar is US$0.5865 per kg.
Exports UN Comtrade · 2024
In 2024, South Korea exported $182.3M (270.4 kt) of sugar▼ 0.1% YoY. That ranks #18 worldwide (1.1% of global exports).
Export value by year (US$)
Export volume by year
Top sugar exporters worldwide UN Comtrade · 2024
- #1 Brazil $2.67B · 15.5%
- #2 India $1.69B · 9.8%
- #3 France $1.54B · 8.9%
- #4 Thailand $1.43B · 8.3%
- #5 Germany $1.14B · 6.6%
Annual export data South Korea · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $182.3M | 270.4 kt | $0.67 |
| 2023 | $182.5M | - | - |
| 2022 | $154.1M | - | - |
| 2021 | $147.1M | - | - |
| 2020 | $137.7M | 313.7 kt | $0.44 |
HS Code
sugar is traded under Harmonized System code 1701.99. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade. Values are official reported figures.