South Korea's instant noodles exports reached nearly $600 million in the first half of the year, topping the food list

Published 2024년 7월 3일

Tridge summary

South Korea's agricultural and sideline food exports, including instant noodles, saw a 6.7% year-on-year increase in the first half of 2021, reaching US$4.77 billion, as reported by the Ministry of Agriculture, Food and Rural Affairs. This growth is attributed to the expansion of sales channels and includes a 32.3% rise in instant noodle exports to US$590 million, with China and the US surpassing US$100 million in exports each. The European market also saw first-time exports exceeding US$100 million. The top three export destinations were the US, China, and Japan, with notable growth in pet food exports. Categories such as instant noodles, snacks, beverages, ginseng, rice processed foods, and Korean kimchi also experienced significant increases in export values.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Statistics released by the Ministry of Agriculture, Food and Rural Affairs of South Korea on the 3rd showed that in the first half of this year, South Korea's agricultural and sideline food exports increased by 6.7% year-on-year to US$4.77 billion. Among them, instant noodle exports increased by 32.3% year-on-year to US$590 million. Thanks to the continued expansion of online and offline sales channels, the cumulative exports to the two major markets for Korean instant noodles, China and the United States, exceeded US$100 million at the end of last month. The growth of the US market was particularly rapid, with an increase of 58%. Exports to the European market in the first half of the year also exceeded US$100 million for the first time. In terms of export destinations, the top three countries for agricultural and sideline food exports are the United States, China and Japan. In addition, the European, Central and South American, Middle Eastern and Oceanian markets also achieved ...
Source: Foodmate

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