Mango and coffee boosted exports to South Korea

Published 2022년 7월 24일

Tridge summary

Between January and May 2022, South Korea experienced a 22% increase in agricultural imports, totaling US$ 5,210 million, with Peru's agricultural exports to South Korea increasing by 64% to US$ 127 million, making it the country's second largest Asian destination for agricultural exports. Despite this growth, Peru's ranking remained relatively stable, with the United States, Argentina, and China being the top suppliers. Peru's exports to South Korea, mainly mangoes, coffee, and bananas, saw significant growth in mango and coffee imports, but there was a decline in banana imports, leading to a drop in Peru's ranking in the banana market.

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

Original content

Between January and May, imports of agricultural products in South Korea totaled US$ 5,210 million, which meant an increase of 22% compared to the previous year. Of this total, US$ 127 million were provided by agricultural exporters from Peru, 64% above what was sent a year earlier. This makes South Korea the second largest Asian destination for Peruvian agricultural exports, only surpassed by China. With this result, Peru ranked 11th among the main suppliers of South Korea, with a 2.4% share (0.6 percentage points more than the previous year). Its most important suppliers were the United States (20% share), Argentina (12%) and China (11%). Despite the increase in participation, Peru fell one position compared to the same period in 2021. This is due to the great growth of India (7 times what was sent the previous year) that displaced a position to several countries such as Chile and Peru. . It is worth mentioning that the annual distribution of Peruvian shipments to South Korea is ...

Source: Freshfruit.pe