South Korea: Analysis of seafood export performance in 2020

Published 2021년 1월 11일

Tridge summary

In 2020, seafood exports in Indonesia fell by 7.4% to $2.32 billion due to the pandemic's impact, with traditional exports like tuna, abalone, and flatfish seeing a decrease. However, seaweed exports hit a record high, and processed products also saw an increase. The largest export of the year was recorded in December at $235 million. The Ministry used non-face-to-face marketing and an integrated platform for Korean seafood online export to maintain export performance. Despite these efforts, seafood exports still fell by about 7.4% from the previous year. The Ministry aims to recover $2.5 billion in seafood exports in 2021 by expanding non-face-to-face export support and developing high-value-added processed seafood products.

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

Original content

The Ministry of Maritime Affairs and Fisheries recently announced that the export of seafood in 2020 was only $2.32 billion, down 7.4% from the previous year due to the Corona 19 incident. According to this, while exports of traditional export flagship items such as tuna, abalone, and flatfish were markedly decreased, the export of seaweed recorded a record high, making up for the decline. Also, the proportion of exports of processed products increased. However, due to policy support such as non-face-to-face marketing, in December, it recorded the largest export amount in 2020 at $235 million. Recovering since the fourth quarter, the largest export in December The biggest cause of the decline in seafood exports last year was Corona 19. As Corona 19 spreads all over the world, major export target countries such as Japan and China took a blockade. As a result, seafood exports in the first half of last year decreased by more than 13% from the previous year, increasing the ...

Source: Fisheco