South Korean seafood exports hit an all-time high this year

Published 2021년 11월 15일

Tridge summary

Seafood exports have reached an all-time high, with a 20.5% increase from the same period last year, generating 2.24 billion dollars from January to October 2021. The main products, such as laver, tuna, oysters, and halibut, have seen equal growth. The most significant growth was in China, Southeast Asia, and the European Union, while exports to Japan decreased by 1.9%. Additionally, fish cake exports have experienced remarkable growth, reaching 41 million dollars, a 13.6% increase, due to the global trend of health and convenience consumption, with significant entry into the North American market.

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

Original content

Fish cakes are rapidly emerging as a new export-beneficial product while seafood exports are hitting all-time highs every month. According to the Ministry of Oceans and Fisheries, from January to the end of October this year, the export value of seafood recorded 2.24 billion dollars, up 20.5% from the same period last year. Main products such as laver and tuna, as well as oysters and halibut are increasing evenly. By country, excluding Japan, China, the United States, Southeast Asia, and Europe are also increasing. Exports of laver (US$560 million) increased 13.8% year-on-year, tuna (US$500 million) 23.3%, and oysters (US$7,400) 15.6%, respectively. Exports to China (US$540 million) increased by 48.1%, Southeast Asia (US$370 million) by 12.5%, and the European Union (US$190 million) by 39.4%, respectively. On the other hand, Japan (US$520 million) decreased by 1.9%. In particular, as a new consumption trend of health and convenience spreads around the world due to ...

Source: Susantimes