South Korean agricultural and food exports reached a record high

Published 2023년 12월 18일

Tridge summary

Korean agricultural and food exports have reached a record high, with instant noodles, processed rice products, and kimchi showing significant increases in exports. South Korea's exports to China and the US rose by over 8% and 11% respectively. The Korean Ministry of Agriculture, Food and Rural Affairs has taken steps to expand agricultural and food exports, with duty-free sales of agricultural and food products doubling over the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: bnews.vn Korean agricultural and food exports reached a record high. Illustration photo: Reuters Statistics show that exports of instant noodles increased by 25.9% to 876.1 million USD, while exports of processed rice products increased by 20.7% to 197.5 million USD and exports of kimchi increased by 9. 9% to 142.4 million USD. Notably, South Korea's exports to China increased by 11.1% to 1.28 billion USD and exports to the US increased by 8.5% to 1.2 billion USD. To expand agricultural and food exports, the Korean Ministry of Agriculture, Food and Rural Affairs established the K Food Plus Expansion Promotion Agency to create a bridge with businesses. Thanks to that, about 400 difficulties faced by export companies were learned through on-site visits and meetings. Among them, 344 issues including the use of Korean certification marks and marketing support requests, were immediately resolved. The governing ministry also plans to include duty-free sales in total export ...
Source: AgroInfo.vn

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.