South Korea's instant noodle exports to the US jump 61.5% to $140 million

Published 2024년 9월 22일

Tridge summary

South Korea's instant noodle exports, or ramyun, have seen a significant increase of 31.7% in the first eight months of the year, reaching $800 million. This growth is evident across various export destinations, with China and the United States experiencing a 26.9% and 61.5% rise in imports respectively. Other European countries such as the Netherlands, Britain, and Germany have also increased their imports. In response to this demand, major ramyun companies like Nongshim and Samyang Foods are planning to expand their overseas presence, particularly in the United States and Europe, with Nongshim setting up a sales unit in Europe and Samyang building a new factory for exports.

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Original content

South Korea's exports of instant noodles, also known as ramyun, reached $800 million in the first eight months of this year, data showed, according to Yonhap News Agency. The figure represents a 31.7 percent increase from the same period last year, according to the data compiled by the Ministry of Agriculture, Food and Rural Affairs. By destination, exports to China rose 26.9 percent on-year to $160 million in the period, and those to the United States jumped 61.5 percent to $140 million, driven mainly by the global popularity of Korean instant noodles. Exports to the Netherlands rose 58.3 percent to $60 million, while those to Britain and Germany rose 64.9 percent and 47.4 percent, respectively. Officials from major ramyun companies, including Nongshim and Samyang Foods, said they will expand their ...

Source: Almalnews