Korean aquatic products market

Introduction: according to the statistics of the Ministry of marine and Fisheries of South Korea, the aquatic products imported by South Korea in the first eight months of this year reached 676000 tons, an increase of 32.3% over the whole year of last year, among which the imports from China, Vietnam, Thailand and the Philippines increased significantly During this period, imports of aquatic products from Vietnam were 29000 tons, an increase of 45.9%, imports from Thailand were 17000 tons, an increase of 56.7%, and imports from the Philippines were 6095 tons, an increase of 44.7% Imports from China were 327000 tons, an increase of 53.2% over the same period last year Imports of aquatic products from Japan were 41000 tons, down 9.2% from the same period last year At the same time, South Korea's export of aquatic products to China in the first eight months of this year was 40000 tons, a year-on-year decrease of 55.4%, and its export to the Philippines, Singapore and Indonesia also decreased significantly As a result, South Korea's aquatic products trade is likely to run a serious deficit this year Officials from the Ministry of marine and Fisheries say the lack of catch of major fish has led to a sharp increase in cheap imports of aquatic products from China and Southeast Asia.