South Korea: South Gyeongsang fishery exports are projected to hit record highs this year

Published 2022년 12월 19일

Tridge summary

South Gyeongsang Province in South Korea is experiencing a surge in marine product exports, with a projected total of 244 million dollars this year, exceeding the 2011 record. The main exports include oysters, fish cake, pollack, and conger eel, with Japan, China, and the United States being the primary importers. The province is investing 39.5 billion won in projects to establish a fishery food industry base complex and aquatic product processing and storage facility. Additionally, the province plans to build an eco-friendly aquaculture feed factory and a national fisheries research institute to support the seafood industry and develop high-efficiency and high-quality compound feed. Other initiatives include the establishment of a new fishery food industry division, a clean national fishing port pilot project, and efforts to improve living conditions and tourism in fishing villages.

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

Original content

As of October this year, South Gyeongsang Province's exports of marine products stood at 207 million dollars, and this year's annual exports are expected to exceed the record high of 244 million dollars set in 2011. Major export items are oysters (33.2%), fish cake (12.8%), pollack (10.7%), and conger eel (5.9%), followed by Japan (30.3%), China (30.2%), and the United States ( 18.4%), followed by Vietnam (4.2%) and Hong Kong (3.5%). At promotional events held in June (Ho Chi Minh, Vietnam) and October (LA, USA), exports of USD 120,900 and export agreements of USD 1.9 million were concluded. 78 tons of live fish such as halibut and rockfish were exported for a total of 42 times worth 1.7 million dollars. Gyeongnam-do held a briefing session on the 2023 seafood overseas market development project jointly with related organizations for the first time on the 15th to support a more active seafood export policy. In addition, in order to systematically nurture the seafood industry, 39.5 ...

Source: Fisheco