South Korea: Gyeongnam, this year's seafood exports are expected to hit a record high

Published 2022년 11월 28일

Tridge summary

South Korea's South Gyeongsang Province is projecting that fishery product exports will exceed the 2011 record of $244 million, with a projected total of $207 million from January to October. The main exports include oysters, fish cakes, pollack, and conger eels, with the majority going to Japan, China, and the USA. The province is supporting seafood exports through non-face-to-face marketing conversions and face-to-face business resumption this year. A total of 15 companies participated in promotional events in Vietnam, the USA, and China, resulting in significant exports. The province plans to invest $39.5 billion in three projects to boost the seafood industry and will hold a briefing in December to support local seafood processing companies in expanding export markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

South Gyeongsang Province forecasts that exports of fishery products this year will surpass the previous record of 244 million dollars in 2011. This is because the amount of exports from January to October was 207 million dollars, an increase of 3 million dollars from 204 million dollars in 2011, which recorded an all-time high. Looking at the export status by major item by October, oysters, the flagship variety, accounted for 33.2% of total exports at $69 million, leading exports, followed by fish cakes (12.8%), pollack (10.7%), and conger eels (5.9%). led to an increase in exports. Japan (30.3%), China (30.2%), USA (18.4%), Vietnam (4.2%), and Hong Kong (3.5%) are the top exporting countries. injured Gyeongsangnam-do is supporting seafood exports by converting the seafood overseas export marketing business, which was promoted non-face-to-face for two years in the case of Corona 19, to a face-to-face business from this year. Nine companies participated in a promotional event held ...
Source: Fisheco

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