South Korea

U.S. Trade with South Korea in 2023

Export Market Rank
#6 Among U.S. Agricultural Export Markets
Total Export Value
$7.52 Billion
3-Year Average
$8.78 Billion
Compound Average Growth
0.7% (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 248,562 $1.65 Billion 151%
Pork & Pork Products $633.41 Million 191,260 $527.11 Million 43%
Wheat $417.55 Million 1.24 Million $370.94 Million 1%
Distillers Grains $381.83 Million 1.28 Million $250.48 Million 114%
Food Preparations $343.5 Million 11,526 $362.18 Million 45%
Fresh Fruit $331.61 Million 117,974 $401.2 Million -4%
Dairy Products $320.98 Million 85,207 $353.07 Million -23%
Soybeans $320.36 Million 530,321 $317.17 Million -10%
Corn $277.41 Million 892,413 $717.05 Million -73%
Tree Nuts $269.87 Million 50,563 $307.25 Million -25%

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Data and Analysis

Attaché Report (GAIN)

South Korea: Grain and Feed Annual

The Korean government’s policy incentivizing farmers to replace rice acreage with other crops is the driving force behind record low rice planting and production projected in marketing year (MY) 2024/25.
Attaché Report (GAIN)

South Korea: Oilseeds and Products Annual

Breaking with historical practice, Korean soybean crushers began operating below full capacity in mid-2023 and are forecast to further reduce crush volume into marketing year (MY) 2024/25. Soybean imports are forecast to recover slightly from MY 2023/24, but will still remain below average levels on sluggish crushing demand.
Attaché Report (GAIN)

South Korea: Vegetable Oil Market Overview

This report analyzes all vegetable oil markets in Korea, whether for food or industrial use, and covers oils derived from soybean, palm, palm kernel, olive, rapeseed/canola, grapeseed, sunflower seed, corn, coconut, sesame, perilla seed (a leafy plant from the mint family), and rice bran.

Upcoming

All times in ET.
Jun 11
Jun 14
Trade Show  |  USDA Endorsed

Seoul Food and Hotel

Seoul, South Korea

News and Features

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.
Under Secretary Alexis Taylor arrived in Seoul today with officials from 48 agribusiness and farm organizations and five state departments of agriculture.
Representatives from 49 U.S. companies and organizations will join the USDA trade mission to South Korea later this month.