South Korea: Seafood exports hit record high last year

Published Jan 10, 2022

Tridge summary

South Korea's seafood exports reached a record high of $2.82 billion in 2021, marking a 22.4% increase from the previous year and surpassing the 2019 figures by $310 million. The growth is attributed to expanding markets in the United States, Japan, China, as well as emerging markets like Portugal, Cyprus, and Bhutan. Seaweed emerges as the top export item, generating about $700 million in sales across 114 countries.

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

Original content

Last year, seafood exports hit an all-time high. According to the Ministry of Oceans and Fisheries, as of the end of last year, Korea's seafood exports amounted to $2.82 billion. This is a 22.4% increase over the same period last year ($2.34 billion). In addition, it is a whopping $310 million more than in 2019 ($2.51 billion), when it achieved the highest export performance. What is more encouraging is that, thanks to the spread of the Korean Wave, the export market is expanding not only to the United States, Japan, and China, but also to Portugal, Cyprus, and Bhutan, where Korean laver has not been exported. Seaweed, which has ...

Source: Susantimes