In the first 10 months of this year, South Korean oyster exports to China tripled year-on-year
Frozen Oyster
Seafood
South Korea
China
Market & Price Trends
Published Nov 28, 2023
Tridge summary
South Korean oyster exports to China have increased by nearly three times year-on-year, totaling US$2.7 million in the first 10 months of this year. China is seeking alternative sources of seafood supply following Japan's decision to discharge nuclear wastewater into the sea, creating an opportunity for South Korea to expand its share of the Chinese market. South Korean seafood exports to China are expected to reach US$900 million in 2022, surpassing combined exports to the United States and Japan, prompting Korean oyster processing companies to develop new products and improve competitiveness to enter the Chinese market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
According to news from SeafoodMedia on November 22, South Korean oyster exports to China in the first 10 months of this year were US$2.7 million, an increase of nearly three times year-on-year. After Japan implemented the discharge of nuclear wastewater into the sea, China is seeking a wider source of seafood supply, and South Korea also hopes to expand its share of the Chinese market. In 2022, South Korea's seafood exports to China will be worth US$900 million, equivalent to the combined exports to the United States and Japan. Korean oyster processing companies are improving ...
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