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    Home > Food News > Food Articles > South Korea's kimchi exports rose nearly 40% year-on-year in the first 10 months of last year

    South Korea's kimchi exports rose nearly 40% year-on-year in the first 10 months of last year

    • Last Update: 2021-01-12
    • Source: Internet
    • Author: User
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    SEOUL, Jan. 6 (Yonhap) -- South Korea's kimchi exports rose 36.4 percent year-on-year to a record high of $119.09 million in the first 10 months of 2020 as demand for fermented foods that help boosts immunity increased under the epidemic, according to a statistic released by the Korea Trade Association's International Trade and Economic Commission on Monday.
    , Japan accounted for 49.9 per cent of South Korea's kimchi exports between January and October last year, while exports to Japan rose 28 per cent year-on-year to $59.48m, according to the data.
    share of Korean kimchi in the Japanese market has gradually increased from 13.4 per cent in 2017 to 19.6 per cent last year.
    of kimchi exports, exports to Singapore increased by 85.4 per cent year-on-year, followed by Australia (64.7 per cent), the United States (56.3 per cent) and Hong Kong (50.4 per cent).
    based on an analysis of indicators from 58 major countries and regions by artificial intelligence, Japan scored highest in the potential market for kimchi exports (81.3 points), followed by Germany (79.5 points) and Hong Kong (79 points).
    Association said that after the outbreak of the new crown, people's health concerns further increased, coupled with bullet-proof youth group (BTS) and other Korean stars led the global Korean current boom, these factors have led to a sharp increase in South Korean kimchi exports.
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