Exporter K-food Exports from January to August increased by 4.9% from last year

Published 2020년 9월 3일

Tridge summary

Despite the slowdown in Korea's exports due to the COVID-19 pandemic, the country has seen a 5% rise in 'K-food' exports compared to the previous year, totaling $48.56 billion from January to August. This increase is attributed to a surge in interest in healthy and fermented foods, with significant growth in kimchi, ramyun, sauces, and processed rice exports. The US, Australia, and Japan have been key markets, with ramyun exports contributing 8.4% of the total agri-food exports. Chicken products have also performed well, particularly in Hong Kong, the US, and Vietnam. The Ministry of Agriculture and Food plans to strengthen export support for fresh fruits and vegetables.

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

Original content

(Seoul = Yonhap News) Reporter Go Eun-ji = Even though Korea's exports are sluggish due to a novel coronavirus infection (Corona 19), exports of'K-food' have grown by 5% compared to last year and saved. The Ministry of Agriculture, Food and Rural Affairs announced on the 3rd that the exports of agricultural foods in January-August this year were tentatively counted to $48.56 billion (about 5.7 trillion won), up 4.9% from the same period last year. Kimchi exported $98 million, up 40.3% from the same period last year. Exports to the US and Australia jumped 69.1% and 76.4%, respectively, and exports to Japan also increased 29.3%. With Corona 19, interest in healthy and fermented foods has increased, and exports have increased significantly as they target new consumers through'vegan kimchi' made only with pure vegetable ingredients. Ramyun exports rose 36.7% to $450 million. As Corona 19 prolongs, foods that can be stored for a long time and can be easily eaten at home have become ...

Source: Yna