South Korea's seafood exports have achieved positive growth for three consecutive years

Published 2025년 1월 18일

Tridge summary

South Korea's seafood exports in 2024 reached US$3.03 billion, an increase of 1.2% from the previous year, with kelp and tuna exports seeing the highest growth at US$997 million and US$585 million respectively. The country's main seafood markets, Japan and the United States, also saw an increase in imports. The South Korean government has supported the growth of seafood exports through loans and export vouchers, and plans to launch a non-tariff barrier platform in May and increase participation in the European market through new trade fairs. The country also aims to increase the export of shellfish, including oysters and abalone, to strengthen the 'K-seafood' brand in Europe.

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

Original content

According to data from the Ministry of Oceans and Seas of South Korea, South Korea's seafood exports reached US$3.03 billion in 2024, up 1.2% year-on-year. Among them, kelp exports increased the most, reaching US$997 million, up 25.8% year-on-year, and tuna exports increased by 4.7%, close to US$600 million. Tuna products are mainly exported to Europe and the United States. By market, South Korea's main seafood markets include Japan and the United States, with exports to these two countries increasing by 3.4% and 11.7% respectively; exports to Europe also surged by 16.4%. The South Korean government's support has played a positive role in the growth of seafood exports. The state has provided companies with about US$90 million in loans and US$7.7 billion in export vouchers to help stabilize corporate operations and expand market access. The South Korean Ministry of Commerce plans to launch a non-tariff barrier platform in May and boost participation in the European ...

Source: Foodmate