South Korea's agricultural food exports increased 6.2% year-on-year in January-April

Published 2024년 5월 6일

Tridge summary

South Korea has experienced a significant growth in the export of agricultural processed food, instant noodles, and beverages. The export value of rice processed food surged by 42.1% to 88 million US dollars, instant noodles by 34.4% to a record 378.9 million US dollars, and beverages by 15.9% to 211.7 million US dollars. The growth is attributed to the EU's lifting of import control measures on Korean instant noodles and the strategic marketing of Korean elements. The export markets showing the most growth are the United States, Europe, and ASEAN, while exports to China and Japan have seen a decrease.

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

Original content

From the perspective of the categories, the export growth of rice processed food, instant noodles and beverages is significant. The export value of rice processed food increased by 42.1% year-on-year to 88 million US dollars; instant noodles increased by 34.4% year-on-year to 378.9 million US dollars, setting a new record; beverage exports increased by 15.9% to 211.7 million US dollars. The head of the Ministry of Agriculture and Food analyzed that the EU lifted the import control measures on Korean instant noodles last year, and then the export of Korean instant noodles to Europe increased rapidly. Manufacturers cleverly incorporated Korean elements when promoting instant noodles locally, which also played a role in boosting sales. In terms of export markets, South Korea's agricultural food exports to the United States increased by 15.9% year-on-year to 478.7 million US dollars; exports to Europe increased by 33.1% year-on-year to 230.8 ...

Source: Foodmate