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

Published Nov 28, 2022

Tridge summary

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.

Original content

Nine companies participated in a promotional event held in Ho Chi Minh City, Vietnam last June and raised $64,000 in exports. In addition, seven companies participated in the export conference held in Los Angeles, USA in October and signed an export agreement worth 1.7 million dollars, and 15 companies participated in the promotion event in Chicago and achieved exports of 57,000 dollars. In addition, the ‘Gyeongsangnam-do Live Marine Product Export Logistics Center’ operated in the Ungdong hinterland of Busan New Port exported 78 tons of live fish, including halibut and rockfish, worth $1.7 million to the United States and Vietnam by October of this year using a special container for export of live fish. Gyeongnam Province will invest 39.5 billion won in three projects to systematically foster the seafood industry. By establishing a fishery food industry base complex and aquatic product processing and storage facility in the Beopsong reclamation district in Tongyeong, it is ...

Source: Fisheco