South Korea: Imports of tropical fruits reach an all-time high

Published 2024년 5월 28일

Tridge summary

South Korea has seen a significant surge in fruit imports, reaching record highs in recent months. Notable increases include bananas, which increased by 56.6% in April to $46.3 million, pineapples, up by over 74% to $9.1 million, and mangoes, which surged by 85.9% compared to the previous year. The total import volume also rose by 72.6% in the analyzed month, reaching 9,324 tons for the first time. This trend is expected to continue through May and June due to flexible government tariffs and direct import movements. Since March, South Korea has directly imported 11 types of fresh fruits, including bananas, oranges, pineapples, and avocados, mainly from the Philippines, Vietnam, Colombia, Peru, Thailand, and Vietnam.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

South Korea's fruit imports have reached their highest point in recent months, according to trade statistics from the Asian country's Customs Service. In the case of bananas, imports reached their historical maximum in April with 46.3 million dollars, 56.6% more than the previous month. The pineapple faced the same scenario, with 9.1 million dollars, which translates into a month-on-month increase of just over 74%. It should be noted that this is the first time that imports of this fruit exceed this figure in the US currency. Mango was another of the fruits that saw an increase, in this case 85.9% compared to the same period last year. Under the month of analysis, the total volume of imports experienced a substantial increase of 72.6%, reaching 9,324 tons and crossing the 9,000 tons threshold for the first time. Imported fruits are expected to continue increasing during May and June due to flexible government quota tariffs and direct import movements expected to be in place until ...
Source: MXfruit

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