South Korea's sesame oil exports soaring 70% through the Korean wave

Published 2020년 11월 30일

Tridge summary

South Korea has seen a significant increase in sesame oil exports, with a 70.5% year-on-year rise to $7.006 million as of October 2020. The export volume also increased by 76% to 825 tons. This surge is primarily due to the growing global popularity of Korean cuisine and the pandemic-driven trend of cooking at home. Since 2016, South Korea's sesame oil exports have been on a consistent rise. In the first 10 months of 2020, the export value exceeded that of the previous year. The United States, Australia, and Taiwan were the main importers of South Korean sesame oil, accounting for 38.1%, 8.4%, and 4.9% of the exports, respectively.

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

Original content

Yonhap News Agency, Seoul, November 29. According to a report released by the Korea Agriculture and Fisheries Food Distribution Corporation (aT) on the 29th, as of October this year, South Korea’s total exports of sesame oil soared by 70.5% year-on-year to US$7.006 million. Export volume increased by 76%. , Is 825 tons. Analysis believes that this is mainly due to factors such as the popularity of Korean cuisine in the world and the epidemic that has promoted the trend of “cooking at home”. Korean sesame oil exports have been increasing year by year since 2016 (US$3.709 million) and reached in 2017 In the first 10 months of this year, the export value of the first 10 months of this year has exceeded the level of the whole year of last year. According to the country and region, in the first 10 months of this year, South Korea’s ...

Source: Foodmate