South Korea's agricultural and food exports in 2020 hit a record high of nearly 7.6 billion U.S. dollars

Published 2021년 1월 5일

Tridge summary

South Korea's Ministry of Agriculture, Forestry, Livestock and Food has reported a 7.7% increase in the country's agricultural food exports in 2020, reaching a high of 7.57 billion US dollars. This growth is attributed to the rise in exports of kimchi and ginseng, with kimchi exports seeing a 37.6% increase. There was also a notable rise in the export of fresh agricultural food and processed foods like instant noodles and rice. The United States and Southeast Asian countries showed the most significant growth in imports of these products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Yonhap News Agency, Seoul, January 5th. According to data released on the 5th by the Ministry of Agriculture, Forestry, Livestock and Food of South Korea, preliminary statistics show that in 2020, the annual export of agricultural food will reach 7.57 billion US dollars, an increase of 7.7% year-on-year, a new high since the beginning of relevant statistics. It can be seen that thanks to the high exports of kimchi and ginseng products, the export of fresh agricultural food increased by 3.4% year-on-year to US$1.43 billion. The annual export of kimchi increased significantly by 37.6% year-on-year, reaching US$144.5 million. Due to the spread of the epidemic, consumers Increased attention to health products has pushed up the export of ginseng products to China, the United States, Japan and other places, with an export value of 229.8 million US dollars. The export of grapes (32.8%) and grapefruit tea (31.9%) has also increased relatively significantly. In terms of processed foods, ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.