echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Korea's instant noodle exports hit record high of over $70 million in March

    Korea's instant noodle exports hit record high of over $70 million in March

    • Last Update: 2022-05-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
       Yonhap News Agency, Seoul, April 25.
    With the help of the Hallyu wave, the
    export of
    instant noodles from South Korea exceeded the US$70 million mark for the first time in a single month .
    According to the Korea Customs Service ( Customs ) and the food industry on the 25th, South Korea exported 71.
    58 million US dollars of instant noodles in March this year, a year-on-year increase of 20% and a month-on-month increase of 35.
    8%
    .


     
      The previous record for Korean instant noodles in a single month was $66.
    66 million in December last year

    .
    In March, the export volume of Korean instant noodles was 20,119 tons, exceeding 20,000 tons for the first time, an increase of 17.
    2% year-on-year and a month-on-month increase of 35.
    7%

    .
    In March, the export value of instant noodles reached 64.
    3 times the import value (1.
    11 million US dollars), and the export volume reached 132.
    4 times the import volume (152 tons)

    .
     
      In terms of major countries and regions, exports to China are the largest, reaching US$19.
    08 million, followed by US$9.
    75 million to the United States, US$5.
    71 million to Japan, US$2.
    9 million to Thailand, US$2.
    89 million to Canada, and US$2.
    57 million to the Philippines.
    , to Malaysia ($2.
    53 million)

    .
    Affected by the Russian invasion of Ukraine, exports to Russia plummeted by 58% year-on-year to $540,000

    .
    Exports to Ukraine fell to zero from $36,000 in February

    .
     
      BTS and other Korean singers and film and television dramas have swept the world and brought instant noodles exports
    .
    Especially in the Oscar movie "Parasite", "Jhajang Udon" has become a popular hit

    .
    Samyang Food's turkey noodle series sells well in Southeast Asia

    .
    Recently, the Middle East has also set off a craze for Korean instant noodles

    .
     
      Since the outbreak of the new crown epidemic in 2020, people all over the world have been forced to live at home, and Korean instant noodles are widely favored as a daily meal and emergency food reserve
    .
    Korean instant noodle manufacturers are also building factories overseas and selling on-site, so their global sales are far greater than exports

    .
    (Finish)
    Instant noodles export customs food
     
      The previous record for Korean instant noodles in a single month was $66.
    66 million in December last year

    .
    In March, the export volume of Korean instant noodles was 20,119 tons, exceeding 20,000 tons for the first time, an increase of 17.
    2% year-on-year and a month-on-month increase of 35.
    7%

    .
    In March, the export value of instant noodles reached 64.
    3 times the import value (1.
    11 million US dollars), and the export volume reached 132.
    4 times the import volume (152 tons)

    .
     
      In terms of major countries and regions, exports to China are the largest, reaching US$19.
    08 million, followed by US$9.
    75 million to the United States, US$5.
    71 million to Japan, US$2.
    9 million to Thailand, US$2.
    89 million to Canada, and US$2.
    57 million to the Philippines.
    , to Malaysia ($2.
    53 million)

    .
    Affected by the Russian invasion of Ukraine, exports to Russia plummeted by 58% year-on-year to $540,000

    .
    Exports to Ukraine fell to zero from $36,000 in February

    .
     
      BTS and other Korean singers and film and television dramas have swept the world and brought instant noodles exports
    .
    Especially in the Oscar movie "Parasite", "Jhajang Udon" has become a popular hit

    .
    Samyang Food's turkey noodle series sells well in Southeast Asia

    .
    Recently, the Middle East has also set off a craze for Korean instant noodles

    .
     
      Since the outbreak of the new crown epidemic in 2020, people all over the world have been forced to live at home, and Korean instant noodles are widely favored as a daily meal and emergency food reserve
    .
    Korean instant noodle manufacturers are also building factories overseas and selling on-site, so their global sales are far greater than exports

    .
    (Finish)
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.