Korea's Philippine seafood imports up 22% in September 2024

Published 2024년 10월 31일

Tridge summary

In 2024, the Philippines saw a 9% increase in seafood exports to South Korea, reaching a total of 1,977 tonnes. This made up 0.3% of South Korea's total imports. While cooked-frozen octopus imports rose by 24% to 1,124 tonnes, cooked-frozen abalone meat imports decreased by 42% to 239 tonnes. Other octopus products also saw significant increases in imports. The total import value from the Philippines in September 2024 was US$2.81 million, up 10% from the same period in the previous year, but down 9% from 2023 to US$24.61 million. The average import price was US$12.45/kg, a 16% decrease from the previous year.

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

Original content

Cumulative imports for 2024 reached 1,977 tonnes, up 9% from 1,821 tonnes in the previous year. Philippine seafood accounted for 0.3% of South Korea’s total imports of 651,137 tonnes. Imports of cooked-frozen octopus increased 24% to 1,124 tonnes from 903 tonnes last year. However, imports of cooked-frozen abalone meat decreased 42% to 239 tonnes from 410 tonnes in 2023. Imports of cooked-frozen octopus tentacles increased 63% to 143 tonnes, while cooked-frozen octopus slices increased 80% to 79 tonnes from 44 tonnes. In value terms, the total import value from the Philippines in September 2024 was US$2.81 million, up 10% from US$2.56 million in the same period last year. However, the total import value ...

Source: Fishretail