South Korea: Jeonnam seafood exports record high for 5 consecutive years

Published 2021년 2월 15일

Tridge summary

Jeonnam-do province in South Korea has reported a 5.5% increase in fishery exports, totaling over $277 million in 2020, marking the fifth consecutive year of record growth. The main contributor to this growth was laver, with a 15.2% increase in exports, amounting to $167 million. Other significant exports included abalone, seaweed, tot, and flatfish. Japan and the United States were the top buyers, accounting for 43.7% and 27% of total exports, respectively. In response to the growing demand for laver, particularly during the pandemic, Jeonnam-do has initiated the 'Laver Export 300 Million Dollar Project', investing over $2.2 billion from 2021 to 2024 to enhance laver processing technology, improve quality and hygiene management, expand export markets, and boost research activities. The goal is to further increase seafood exports by providing better operating conditions and sanitary environments for production.

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

Original content

Jeonnam-do announced that even in the harsh environment such as Corona 19, the export of fishery products over the past year surpassed $277 million, an increase of 5.5% from the previous year. Jeonnam's seafood export performance has been hitting a record high for the last five years in a row. In particular, laver, the flagship export item, led the increase in exports, with an increase of 15.2% from the previous year to $167 million. In addition, there are $42 million for abalone, $22 million for seaweed, $16 million for tot, and $2 million for flatfish. By exporting country, Japan $121 million (43.7%), US $75 million (27%), China $21 million (7.5%), Canada $12 million (4.4%), Taiwan $9 million (3.2%), etc. As a result, the top five countries occupy 86% of the total. No. 1 seafood export item, laver is recognized as a vegan well-being snack because it is low in calories but rich in nutrients, and the purchasing craze continues, mainly in Japan and the United States. The demand for ...

Source: Fisheco