Agri-food exports of South Korea in the third quarter were $6.193 billion

Published 2021년 10월 6일

Tridge summary

South Korea's agri-food exports reached an all-time high of $6.12 billion in the third quarter, marking a 12.3% increase from the previous year, as reported by the Ministry of Agriculture, Food and Rural Affairs. This growth was led by fresh agricultural products and processed foods, despite the COVID-19 pandemic and logistical challenges. Notable increases were seen in the exports of kimchi, ginseng, sauces, and noodles. New markets such as the European Union and New Northern are showing growth in addition to the traditional markets of Japan, China, and the US. The ministry plans to further boost exports through promotional activities.

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Original content

Agri-food exports continued to show strong growth, and the third quarter also achieved an all-time high. The Ministry of Agriculture, Food and Rural Affairs announced on the 6th that the export amount of agri-food in the third quarter of this year (hereinafter referred to as the cumulative basis for the first to third quarters) recorded $6.12 billion. It increased by 12.3% from the same period last year, achieving the highest export amount ever. It is noteworthy that fresh agricultural products and processed foods performed well despite the continued spread of the novel coronavirus infection (COVID-19) and difficult logistics conditions. Exports of fresh agricultural products in the third quarter were $1.081 billion, an increase of 9.7% compared to the same period last year, while processed food exports amounted to $5.11 billion, an increase of 12.8%. By item, the increase in exports of kimchi and ginseng, which is enjoying a boom in exports as demand for healthy food ...

Source: Nongmin