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%

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Data and Analysis

On July 1, 2024, the United States and Republic of Korea agreed to the labeling requirements outlined in this report regarding storage state for U.S. red meat and poultry products and U.S. processed red meat, poultry, egg, and dairy products.
Attaché Report (GAIN)

South Korea: Grain and Feed Update

Marketing Year (MY) 2024/25 rice production and consumption forecasts remain unchanged since the April 2024 Grain and Feed Annual Report. Post revised MY 2023/24 rice imports down based on the import tender fulfillment pace by the Korean government. Progress allocating the 2024 rice tariff rate quota (TRQ) has been favorable for the United States, but local distribution of imported U.S. table rice has not kept pace, as auctions remain suspended since November 2023.
Attaché Report (GAIN)

South Korea: Food Processing Ingredients Annual

Korea's food processing industry relies heavily on imports to fulfill its food and agricultural needs in order to manufacture a wide variety of food and beverage products.

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.