South Korea's cumulative laver exports in the third quarter exceeded $500 million

Published Oct 13, 2021

Tridge summary

The Ministry of Oceans and Fisheries announced that domestic seaweed exports exceeded $500 million as of the 30th of last month. This is the shortest time since 2017, when domestic laver exports exceeded US$500 million for the first time, and achieved the export record of US$500 million this year. While seaweed is mainly consumed as a side dish in Korea and Japan, it has gained popularity overseas as a low-calorie healthy snack. In particular, seaweed, which can be easily purchased online and eaten at home during the COVID-19 outbreak, is enjoying a higher popularity as a health food in line with recent consumption trends. The amount of laver exports, which was only US$60 million in 2007, has been showing steady growth every year since it reached US$100 million in 2010. In 2010, we only exported to 60 countries, but now we are exporting Korean laver to 112 countries around the world.

Original content

In particular, exports to Latvia and Finland in northern Europe, where Korean seaweed had not been exported, began in 2017 and recorded exports of $300,000 and $150,000, respectively, last year. are exploring new markets. Exporting countries are also continuously diversifying. Until 2015, Korea’s laver exports had a structure of exporting more than 70% of laver to four countries, Japan, China, the United States, and Thailand. proportion is decreasing. In the case of Russia, exports of dried laver and seasoned laver both increased significantly, exporting US$33 million as of the end of last month, making it the fourth largest exporting country after China, the United States and Japan. emerged as a country. In addition, exports to Central and South America such as Brazil (3.23 million dollars) and Mexico (2.85 million dollars) and the Middle East such as Israel (850,000 dollars) and the United Arab Emirates (660,000 dollars) are expanding the territory of consumption of Korean ...
Source: Aflnews
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