Seaweed and tuna were active in South Korea, but sluggish seafood exports in the first half of the year

Published 2024년 7월 26일

Tridge summary

In the first half of this year, Korea's seafood export performance showed mixed results, with a slight overall decrease of 0.3% in export value compared to the same period last year. Significant increases were seen in seaweed and tuna exports, particularly to the ASEAN region, while exports of oysters, mackerel, and pollack declined. Economic challenges in Japan and China contributed to reduced exports. The Ministry of Oceans and Fisheries aims to achieve $3.2 billion in marine product exports this year, up from $3 billion last year. Overall, domestic agricultural, forestry, and fisheries food exports increased by 4.7% in the first half of the year.

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

Original content

Until the first half of this year, Korea's seafood export performance was reported to be somewhat sluggish. According to data from the Korea Agro-Fisheries and Food Trade Corporation (aT), the export volume and value of marine products as of June were 345,300 tons and $1.515 billion, respectively 8.0 percent higher than the same period last year (375,500 tons and $1.519 billion). %, it was found to have decreased by 0.3%. By item, exports of seaweed and tuna increased, while oysters, mackerel, and pollack decreased. First, seaweed exports amounted to $535.2 million, a 32.0% increase from the same period last year, and tuna exports increased 7.4% to $292.2 million. On the other hand, oyster exports decreased 13.0% to $51.3 million, mackerel exports decreased 36.4% to $22.9 million, and pollack decreased 39.6% to $16.9 million. By country, seaweed exports increased in the ASEAN region, ranking first in seafood exports, driving overall performance improvement. In the United States, ...

Source: Fisheco