South Korea's noodle exports exceed $100 million for two consecutive months

Published Jun 5, 2024

Tridge summary

Korean instant noodles exports surpassed 100 million US dollars for the first time in April, with a total export value of 486.2 million US dollars from January to May, marking a 36.2% increase year-on-year. China is the largest market for these exports, followed by the United States, with significant growth in exports to ASEAN and Europe as well. Other food products such as snacks, beverages, rice processed foods, and Korean kimchi also experienced an increase in exports. The United States has become the largest agricultural food export market, surpassing Japan and China.

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

Original content

Instant noodles exports exceeded the 100 million US dollar mark for the first time in April, reaching 108.59 million US dollars, a year-on-year increase of 46.8%. In May, it achieved another good performance. From January to May this year, the cumulative export of agricultural food (preliminary statistics) was 3.96 billion US dollars, a year-on-year increase of 7.6%, and the year-on-year growth rate continued to expand in the past three months. During the same period, the cumulative export value of instant noodles increased by 36.2% year-on-year to 486.2 million US dollars, continuing to maintain its leading position in agricultural food exports. In terms of export destinations, China is the largest export market for Korean instant noodles, with exports to China reaching 90.6 million US dollars, a year-on-year increase of 27.7%, followed by the United States (81.5 million US dollars), a year-on-year increase of 71.4%. ASEAN and Europe achieved 24.8% and 49.5% growth respectively. ...

Source: Foodmate