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    Home > Food News > Food Articles > South Korea's agricultural food exports reached a new high of nearly $7.6 billion in 2020

    South Korea's agricultural food exports reached a new high of nearly $7.6 billion in 2020

    • Last Update: 2021-01-13
    • Source: Internet
    • Author: User
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    SEOUL, Jan. 5, Yonhap News Agency, according to South Korea's Ministry of Agriculture, Foreculture and Livestock Food released data on the 5th, preliminary statistics show that in 2020 the annual export of agricultural food reached 7.57 billion U.S. dollars, an increase of 7.7% YoY, the highest since the beginning of the relevant statistics.
    specifically, exports of fresh agricultural food rose 3.4% year-on-year to $1.43 billion, helped by record exports of kimchi and ginseng products.
    year-on-year exports of kimchi rose 37.6 percent year-on-year to $144.5 million.
    the spread of the epidemic, consumer attention to health products increased, pushing up ginseng products to China, the United States and Japan and other places increased exports, exports of 229.8 million U.S. dollars.
    grapes (32.8%), grapefruit tea (31.9%) and other products export growth is also relatively obvious.
    in processed foods, exports of instant noodles, rice processed foods and other fast food products increased significantly, with a total increase of 8.8% year-on-year to US$6.14 billion.
    exports of instant noodles to more than $600 million for the first time thanks to targeted marketing strategies.
    rice processed food, fast food, fried rice, ready-to-eat porridge and other fast food categories are very popular, exports to the United States increased by 26.7% year-on-year to 137.6 million U.S. dollars, a record high.
    addition, exports of sauces increased 30.6 percent to $99.9 million as foreign consumers concerned about South Korea's food culture.
    , the U.S. and Southeast Asia are gaining significantly in terms of where they are exported.
    In terms of exports to the United States, exports of fresh and processed foods such as instant noodles, kimchi and rice-processed foods have all increased, rising by more than 30 percent since March last year, with total exports reaching $1.21 billion, up 38 percent.
    Southeast Asian countries are the "New South Policy" docking ground, in the Korean stream marketing, the use of instant noodles, chili sauce and other cooking Korean food methods were very popular, related products exports increased 9.1% yoY to $1.56 billion.
    , exports to China increased by 2.9% year-on-year to $1.138 billion.
    (Complete)
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