South Korea: Agrifood exports from Gyeonggi reach the highest in 1st~3rd Quarter

Published 2021년 11월 12일

Tridge summary

Gyeonggi Province in South Korea has reported a 13% increase in its agricultural and food exports in the first three quarters of 2021, reaching $1.126.92 billion, the highest since 2008. This growth was despite the challenges posed by the COVID-19 pandemic. The rise was primarily due to increased exports of processed foods, ginseng, and forest products. Notably, tomatoes and pork saw significant increase, while rice, pears, and chicken experienced a decrease. The main export markets were China, the United States, and Japan, with Vietnam, Taiwan, and Singapore also showing an increase in imports.

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

Original content

(Suwon = Yonhap News) Reporter Kyung-tae Kim = Gyeonggi Province announced on the 12th that the province's agricultural and food exports in the first three quarters of this year recorded $1.126.92 billion, up 13% from the same period last year ($97.64 million). . This is the highest level since 2008 export figures were compiled. Despite the worsening export conditions due to the COVID-19 outbreak, exports of processed foods and ginseng increased, leading to an increase in overall exports. Compared to last year, processed foods such as bakery, ramen and beverages increased by 21%, forest products such as cardboard and plywood increased by 38%, and ginseng increased by 24%. It was analyzed that the popularity of Korean dramas and entertainment programs in the Chinese and ASEAN markets and the preference for holiday gifts led to strong exports of processed foods and ginseng, respectively. Among individual items, tomatoes (50%) and pork (62%) increased significantly, while rice ...

Source: Yna