South Korea's agricultural food exports hit a record high in January-July

Published 2024년 8월 6일

Tridge summary

The article reports a significant growth in the export of various food and beverage items from the country. Notable increases were seen in instant noodles, tobacco, snacks, beverages, coffee products, and ginseng. There was also a notable rise in the export of rice processed foods and Korean kimchi due to growing consumer interest in healthy foods and the Korean wave. The United States led the list of importing countries, followed by China and Japan. Europe saw the highest growth in imports among major markets, increasing by 33.3%.

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Original content

In terms of items, instant noodles increased by 34% year-on-year to US$700 million, a record high; tobacco (ordinary/electronic cigarettes) was US$636 million, a year-on-year increase of 9%; snacks were US$424 million, a year-on-year increase of 14.7%; beverages were US$388 million, a year-on-year increase of 11.8%; coffee products (US$197 million) and ginseng (US$179 million) exports increased by 3.2% and 5% respectively. As consumers pay more attention to healthy foods and Korean wave, the export of rice processed foods such as instant rice and frozen seaweed rice increased by 45.7% to US$165 million; Korean kimchi (kimchi, xinqi) increased by 3.7% to US$97 million. By export destination, exports ...

Source: Foodmate