2020 seafood export assessment and 2021 outlook in South Korea

Seafood

South Korea

Published Sep 14, 2021

Tridge summary

Despite global economic uncertainty, aquatic product exports exceed average year-on-year exports in 2020, down 7.4% from the previous year to $2.32 billion Exports of major traditional exporting countries declined, but emerging countries are booming Export trends by country and region in 2020 Looking at Korea's seafood exports in 2020, Japan and China Exports to the United States and Hong Kong increased while exports to Thailand and the United States decreased. By region, exports to ASEAN decreased by 5.2%, led by Thailand and Vietnam, and exports to Spain increased, but exports to the European Union (EU) also decreased slightly (0.7%↓) as exports to the European Union (EU) declined mainly in France. ◇Decreased exports of tuna, conger eel, and abalone to Japan Despite an increase in exports of horse mackerel, clams, and rockfish, exports of major items such as tuna, conger eel, and abalone declined, resulting in a decrease of 9.8% from the previous year to $660 million.

Original content

Exports of fishery products exceed normal levels despite global economic uncertainty Exports in 2020 $2.32 billion, down 7.4% from the previous year Exports of major traditional exporting countries declined, but emerging countries showed strong growth. Export trends by country and region in 2020 Looking at Korea's seafood exports in 2020, exports to Japan, China, and Thailand decreased while exports to the US and Hong Kong increased. By region, exports to ASEAN decreased by 5.2%, led by Thailand and Vietnam, and exports to Spain increased, but exports to the European Union (EU) also decreased slightly (0.7%↓) as exports to the European Union (EU) declined mainly in France. ◇Decreased exports of tuna, conger eel, and abalone to Japan Despite an increase in exports of horse mackerel, clams, and rockfish, exports of major items such as tuna, conger eel, and abalone declined, resulting in a 9.8% decline from the previous year to $660 million. Exports of clams increased in response ...

Source: Fisheco