South Korea
U.S. Trade with South Korea in 2023
Export Market Rank
#6 Among U.S. Agricultural Export Markets
Total Export Value
$7.5 Billion
3-Year Average
$8.77 Billion
Compound Average Growth
0.68% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to South Korea in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $2.13 Billion | 248,257 | $1.65 Billion | 151% |
| Pork & Pork Products | $632.9 Million | 190,975 | $527.03 Million | 43% |
| Wheat | $406.55 Million | 1.2 Million | $369.84 Million | -1% |
| Distillers Grains | $380.11 Million | 1.27 Million | $250.15 Million | 113% |
| Food Preparations | $343.1 Million | 11,527 | $362.14 Million | 45% |
| Fresh Fruit | $331.35 Million | 117,898 | $401.18 Million | -5% |
| Dairy Products | $320.27 Million | 85,171 | $352.99 Million | -23% |
| Soybeans | $320.1 Million | 530,012 | $317.15 Million | -11% |
| Corn | $271.35 Million | 896,598 | $716.44 Million | -74% |
| Tree Nuts | $269.85 Million | 50,559 | $307.24 Million | -25% |
Data and Analysis
Korea was the 5th largest country importer of the U.S. agricultural and related products in 2023. The United States is the leading supplier of imported consumer-oriented agricultural products for Korean retail industry, shipping $4.9 billion in 2023.
Chicken production in South Korea will continue its gradual growth trend through 2024 and into 2025, as poultry inventories recover from productivity challenges in 2023 and fend off a 2024 outbreak of HPAI.
Korea’s pet food market has been growing strongly. But, while imported products have traditionally dominated the market, imports declined in 2023 for the first time in over a decade.
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News and Features
Private exporters reported sales of 20,000 MT of soybean oil for delivery to South Korea during MY 2024/2025.
A recent USDA-sponsored agribusiness trade mission to the Republic of Korea (South Korea) proved to be a tremendous success for nearly 50 U.S. agribusinesses, cooperators, trade associations, and state departments of agriculture looking to grow and diversify U.S. exports to East Asia.
News Release
USDA Trade and Foreign Agricultural Affairs Under Secretary Taylor Launches Trade Mission in South Korea
Under Secretary Alexis Taylor arrived in Seoul today with officials from 48 agribusiness and farm organizations and five state departments of agriculture.