January Fishery Exports Sluggish…Tuna and Oysters Sharply Decline

Published 2025년 3월 17일

Tridge summary

South Korea experienced a significant decrease in fishery product exports in January, with a 13.1% drop compared to the same period last year, totaling USD 210 million, according to the Korea Maritime Institute. The decline was largely due to a decrease in demand for key products such as tuna and oysters, with major markets including Japan, China, ASEAN, and the European Union showing sluggish export performance. The decrease was also attributed to the Lunar New Year holiday and economic slowdown in major exporting countries. However, exports to the US saw a favorable performance, with a 18.1% increase compared to last year.

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

Original content

It was reported that domestic fishery product exports in January were somewhat sluggish. According to the ‘Monthly Fishery Product Export Trends’ data from the Korea Maritime Institute (KMI), the export value of our country’s fishery products in January was recorded at USD 210 million, down 13.1% from the same period last year. The main cause was the sluggish exports to major markets such as Japan, China, ASEAN, and the European Union (EU). In particular, it was analyzed that the sharp decline in demand for major items such as tuna and oysters had a major impact on the overall export decrease. Exports to Japan amounted to USD 38 million, down 28.1% from the same period last year. In particular, seaweed exports decreased by 19.3% year-on-year due to the exhaustion of demander allocations and shortage of trading company allocations. Tuna exports plummeted by 50.3% compared to the same period last year due to a significant decrease in production. Exports to China also amounted ...

Source: Fisheco