South Korea's imports of Russian seafood showed a downward trend in the first quarter

Published Apr 23, 2024

Tridge summary

The article highlights a significant decline in seafood imports from Russia, with a 14% reduction in volume to 44,925 tons and a 20% fall in value to US$42.9 million compared to the previous year. This downturn is accompanied by a 7% decrease in the average import price to US$0.96 per kilogram. Specifically, the imports of frozen herring and yellowtail flounder experienced notable drops of 35% and 4%, respectively, while frozen Alaska pollock imports remained steady. Interestingly, the import volume for frozen Alaska pollock roe saw a 5% increase. The article also notes varying changes in the import prices of these seafood products, including decreases in the average prices for frozen Alaska pollock and yellowtail flounder.

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

Original content

44,925 tons of seafood were imported from Russia, accounting for 59.3% of the total imports, down 14% from 52,375 tons in the same period last year, and the import value was US$42.9 million, down 20% year-on-year. The average import price of Russian seafood was US$0.96 per kilogram, down 7% from US$1.03 in the same period last year. The import volume of frozen herring was 8,169 tons, accounting for 10.8% of the total imports, down 35% from 12,647 tons in the same period last year, and the average import price was US$0.91 per kilogram. Yuan. The import volume of frozen Alaska pollock was 4,214 tons, accounting for 5.6% of the total import volume, slightly lower than the 4,197 tons in the same period last year, and the import price was US$2.37 per kilogram, lower than last year's US$3.71. The import volume of frozen yellowtail flounder was 3,121 tons, accounting for 4.1% of the total import ...

Source: Foodmate