South Korean seafood exports to be the highest in history

Published 2021년 11월 15일

Tridge summary

South Korea's aquatic product exports have seen a significant increase of 20.5% in the first ten months of this year, reaching 2.24 billion dollars, and are on track to surpass the 2019 records. This growth is primarily driven by the active product development and market leadership of Korean seafood companies, with key exports such as laver, tuna, oysters, and flounder. The demand for Korean fish cakes has surged, particularly in response to the COVID-19-induced trends towards health and convenience. Furthermore, the country has obtained 42 types of food standards and international certifications, enhancing its export competitiveness, especially in the ASEAN market where halal food demand is high.

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

Original content

As fish cakes are showing steady growth as a virtuous product, aquatic products exports are continuing to brisk. According to the Ministry of Oceans and Fisheries, as of the end of October, the export of seafood this year recorded 2.24 billion dollars, up 20.5% from the previous year. In particular, the export of seafood is breaking the record high in 2019, which was the highest since July of this year, and is breaking a new high every month. The Ministry of Oceans and Fisheries is recording the highest export amount as of the end of October thanks to the active product development and market pioneering efforts of Korean seafood companies, and is expected to record the highest export performance by the end of the year. By item, main products such as laver and tuna, as well as oysters and flounder, are continuing to increase evenly, and by country, exports to China and the United States excluding Japan, as well as to ASEAN and Europe, are steadily increasing. In particular, as new ...

Source: Fisheco