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    Home > Food News > Food Articles > The ASEAN and India markets are the largest exporters of Korean agricultural and by-products

    The ASEAN and India markets are the largest exporters of Korean agricultural and by-products

    • Last Update: 2020-12-16
    • Source: Internet
    • Author: User
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    SEOUL, Dec. 8 (Yonhap) -- For the first time, South Korea's agricultural and by-product exports to its "New South Policy" partners (ASEAN 10 and India) exceeded exports to Japan, making it South Korea's largest agricultural and by-product export destination.
    agriculture, for animal husbandry and food ministry said Monday that exports of agricultural and sideline products in the first 11 months of this year amounted to $6.845 billion, up 6.8 percent from a year earlier.
    exports of agricultural and sideline products rose against the trend, reaching an all-time high, as the new crown outbreak hit trade across the border.
    exports to New South policy partners amounted to $1,395 million, an increase of 8.4 per cent year-on-year.
    's exports to the New South region exceeded 20 per cent of total agricultural and by-product exports for the first time last year, reaching 20.3 per cent, and have edged up to 20.4 per cent this year.
    Increased demand for home-cooked meals in the outbreak and the popularity of the distribution APP platform led to strong export growth in noodles (16.1%), sauce (15.8%), formula (43.9%), kimchi (55.2%), and grapefruit tea (160.3%).
    Ministry of Agriculture, Forears and Livestock predicts that the Regional Comprehensive Economic Partnership Agreement (RCEP) will further boost South Korea's export growth to the New South policy partner region market.
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