South Korea's exports of instant noodles are expected to exceed $1 billion in 2024

Published 2024년 5월 19일

Tridge summary

Korea's instant noodle exports exceeded $100 million for the first time in April, with a 46.8% increase from the previous year, reaching $108.6 million. This marks the fastest growth since May 2022 and is expected to surpass $1 billion for the year. The rise in instant noodle exports, also known as "ramyun," has been consistent since 2015, driven by the global popularity of Korean culture and the demand for affordable ready-to-eat food products.

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

Original content

Data showed Sunday that Korea's exports of instant noodles exceeded 100 million US dollars for the first time last month thanks to rising foreign demand, according to Yonhap. Exports of instant noodles, or “ramyun” in Korean, recorded $108.6 million in April, an increase of 46.8% over the same month last year, growing at the fastest pace since May 2022, according to the Korean Customs Agency. According to the agency, this is the first time that the monthly value exceeds $100 million. The agency expects exports to exceed $1 billion this year. Ramyun exports have been on the rise since 2015, and are expected to reach a new high this year in line with the popularity of ...

Source: Almalnews