South Korea: Seafood exports in the first half of the year, record high

Published 2022년 7월 11일

Tridge summary

The Ministry of Oceans and Fisheries and the Ministry of Agriculture, Food and Rural Affairs report a significant increase in agricultural and fishery exports in the first half of the year, with a 14.6% rise year-on-year, totaling $6.21 billion. Seafood exports experienced a 37.2% increase, reaching $1.71 billion, while agri-food exports also saw a 7.9% increase, amounting to $4.5 billion, hitting record highs for both categories. Notable increases were seen in exports of seaweed, tooth fish, and abalone to various countries. To further boost exports, the Ministry has planned events and initiatives such as the K-Seafood Global Week and International Fisheries Expo, the launch of a K-Seafood hall in major online malls, and a promotional period for Korean seafood. Additionally, the Busan International Fisheries EXPO in November aims to secure new customers in the export industry.

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

Original content

The Ministry of Oceans and Fisheries will strengthen overseas marketing so that seafood exports can continue the upward trend in the first half of the year, secure new customers, and support export industries that are suffering from rising logistics costs. According to the Ministry of Oceans and Fisheries and the Ministry of Agriculture, Food and Rural Affairs, in the first half of this year, exports of agricultural and fishery products recorded $6.21 billion, up 14.6% from the same period last year. Seafood sales recorded $1.71 billion, up 37.2% from the same period last year. Agri-food also rose 7.9% to $4.5 billion. As of the first half of this year, this is the highest level for both aquatic and agri-food products. In the case of seafood, exports of most major items such as laver, toothed meat and abalone increased despite difficult export conditions, achieving the highest export performance in the first half of the year. Seaweed, the number one export item for seafood and ...

Source: Fisheco