South Korea: Exporter Guide

  |   Attaché Report (GAIN)   |   KS2022-0030

As the 5th largest country export market for the United States, Korea provides a promising market for U.S. agricultural products. In 2021, Korea imported about $43 billion agricultural & food products from all over the world and the U.S. supplied a quarter of it, ranking number one. Other key suppliers were China, Australia, Brazil, and Vietnam. Korea's overall agricultural imports this year are forecast to top the 2021 value by 20 percent partly due to increased demand from both the retail and processing sectors. From January to October this year, the U.S. exports already surpassed its last year’s record for the same period. U.S. food and agricultural products will continue to be competitive in the market long-term considering ongoing socio-economic shifts with extended consumer concerns over quality, value, and sustainability.

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