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South Korea: Agrifood exports from Gyeonggi reach the highest in 1st~3rd Quarter

South Korea
Published Nov 13, 2021

Tridge summary

(Suwon = Yonhap News) Reporter Kyung-tae Kim = Gyeonggi Province announced on the 12th that the province's agricultural and food exports in the first three quarters of this year recorded $1.126.92 billion, up 13% from the same period last year ($97.64 million)

Original content

. . This is the highest level since 2008 export figures were compiled. Despite the worsening export conditions due to the COVID-19 outbreak, exports of processed foods and ginseng increased, leading to an increase in overall exports. Compared to last year, processed foods such as bakery, ramen and beverages increased by 21%, forest products such as cardboard and plywood increased by 38%, and ginseng increased by 24%. It was analyzed that the popularity of Korean dramas and entertainment programs in the Chinese and ASEAN markets and the preference for holiday gifts led to strong exports of processed foods and ginseng, respectively. Among individual items, tomatoes (50%) and pork (62%) increased significantly, while rice (-97%), pears (-21%), and chicken (-17%) decreased. By country, China (24.75 million dollars), the United States (229.38 million dollars), and Japan (13.13 million dollars) had the highest export value in that order. Exports to Vietnam, Taiwan and Singapore also ...
Source: Yna
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