German pork exports to South Korea are increasing

Published Apr 25, 2024

Tridge summary

In the first quarter of 2024, Germany has emerged as a significant supplier of fresh and frozen pork to South Korea, ranking sixth globally with approximately 6,600 tons imported. According to data from the European Commission, the total pork exports to South Korea were slightly higher, at around 7,600 tons, valued at EUR 26.3 million. This resurgence in Germany's pork exports seems to be at the expense of other European Union suppliers, with notable declines in imports from Spain and the Netherlands. Overall, South Korea's global pork purchases increased by 13.7% in the first quarter of 2024, with the United States, Canada, and Chile also seeing increased exports to the Asian market.

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

Original content

Germany ranks 6th among the most important suppliers According to import statistics published by the Danish Agri-Food Industry Association (L&F), South Korea imported approximately 6,600 tons of fresh and frozen pork from Germany in the first quarter of 2024. This means that the country has jumped to sixth place among the most important supplier countries of this Asian country. According to European Commission data based on Eurostat data, total German pork exports to South Korea were even slightly higher. The database in question shows that in January and February 2024, the total export volume was almost 7,600 tons worth EUR 26.3 million. EU competitors are losing export shares The return of German pork exporters to the South Korean market appears to be at the expense of other EU suppliers. According to Korean statistics, imports of fresh and frozen pork from Spain decreased by 13.3%. to 27,330 tons, and imports from the Netherlands by 30.7% to 9,310 tons compared to the first ...

Source: Farmer.pl