South Korea: Fishery product exports achieve 3 billion dollars for the second consecutive year

Published 2024년 1월 15일

Tridge summary

Despite challenges such as high oil prices and inflation, fishery product exports exceeded $3 billion for two consecutive years, led by seaweed, tuna, and oysters. Seaweed, with a global market share, reached $790 million in exports, while tuna exports amounted to $560 million, and Korean oyster exports grew by 8% to $86 million. The Minister of Oceans and Fisheries credited the efforts of the fishing industry for the export success and announced plans to expand support for export companies in order to restore export growth in the coming year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Fishery product exports exceeded $3 billion for two consecutive years. The Ministry of Oceans and Fisheries announced that despite difficult conditions such as high oil prices and high inflation, seafood exports recorded $3 billion last year, achieving $3 billion for the second consecutive year in 2022. Last year's seafood export performance was led by seaweed, tuna, and oysters. First, seaweed, the representative product that ranked first in global market share, exceeded $770 million (KRW 1 trillion) for the first time as of the 20th of last month, and achieved a total export performance of $790 million (KRW 1.02 trillion) by the end of the year. . Following seaweed, tuna, the main product of deep-sea fishing, was exported in raw form to Japan, Thailand, etc., recording an export amount of $560 million. Korean oyster exports, which have recently been gradually gaining recognition overseas, also performed well despite difficult conditions such as a decline in global demand, ...
Source: Susantimes

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