South Korea: Agri-food exports in Q1 2021 are the highest compared to last year

Published Apr 4, 2021

Tridge summary

South Korea's agri-food exports reached a record high of $1,981 billion in the first quarter of this year, a 13.7% increase from the previous year, as reported by the Ministry of Agriculture, Food and Rural Affairs. This growth was driven by increases in the export of fresh agricultural products, including kimchi, fruits, vegetables, and ginseng, as well as processed foods and beverages. The ASEAN, India, China, the United States, and the New Northern regions all showed high double-digit export growth rates. The surge in exports is attributed to the establishment of a high-quality and safe agri-food production system, development of local customized products, and active online marketing efforts.

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

Original content

(Seoul = Yonhap News) Reporter Go Eun-ji = Exports of agri-food in the first quarter of this year reached an all-time high. The Ministry of Agriculture, Food and Rural Affairs announced on the 4th that the cumulative agri-food exports in the first quarter were $1,981 billion, up 13.7% from the same period last year. The export of fresh agricultural products was sluggish in exports of some items such as mushrooms and chicken, but thanks to the even increase in exports of kimchi, fruits and vegetables (strawberries and grapes), and ginseng, it was counted at $359 million, an increase of 9.3% from last year. As the awareness of kimchi as a health food increased, new stores in large retail stores such as Wal-Mart and Costco in the U.S. increased, and demand for home-cooked meals in Japan increased. As a result, it exported $47 million, an increase of 54.4% from last year. Grape (Shine Musket), which showed high growth in recent years, has gained popularity as a holiday gift in China ...

Source: Yna