Agri-food exports in South Korea hit an all-time high in the first half

Published 2021년 7월 9일

Tridge summary

The article highlights the significant growth in South Korea's agri-food exports, reaching an all-time high of $4.153 billion in the first half of the year, a 15.4% increase from the previous year. This growth marks the highest rate since 2011. The surge is largely due to the export of fresh agricultural products like ginseng, kimchi, and citron tea, which have seen substantial increases due to the global trend towards health food. Processed food exports also saw a significant rise, with notable growth in noodles, confectionery, beverages, sauces, and processed rice food. The growth in exports to traditional markets like Japan, the US, and China, as well as new markets like the New Southern and New Northern Countries, was significant. The Ministry of Agriculture, Food and Rural Affairs is planning to continue this growth by implementing a strategy to expand exports tailored to each country's COVID-19 situation in the second half of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agri-food exports in the first half of this year recorded the highest performance ever. According to the Ministry of Agriculture, Food and Rural Affairs, agricultural food exports in the first half of this year recorded $4.153 billion (provisional). This is an all-time high, up 15.4 percent from $3.68 billion in the same period last year. The growth rate is also the highest since 2011. In particular, the export of fresh agricultural products stood at US$717.8 million, an increase of 11.4% from the previous year. By item, ginseng exports amounted to US$120.9 million, up 25.2% from the previous year. Kimchi exports increased 20.1% to 86.8 million dollars, and citron tea rose 21.7% to 25.2 million dollars, respectively. The strong export of these items is attributed to the growing interest in health food around the world after the outbreak of the novel coronavirus (COVID-19). In addition, strawberry exports amounted to 48.9 million dollars, up 24.9 percent from the previous ...

Source: Nongmin