South Korea
U.S. Trade with South Korea in 2022
Export Market Rank
#6 Among U.S. Agricultural Export Markets
Total Export Value
$10.05 Billion
3-Year Average
$9.34 Billion
Compound Average Growth
5.3% (2013-2022)
Total Export Value 2013 - 2022
Export Value by Commodity 2022
Top 10 Exports to South Korea in 2022
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $2.7 Billion | 291,748 | $1.49 Billion | 343% |
| Pork & Pork Products | $608.18 Million | 174,553 | $491.27 Million | 120% |
| Dairy Products | $565.96 Million | 136,966 | $350.82 Million | 88% |
| Corn | $507.79 Million | 1.37 Million | $712.6 Million | 118% |
| Wheat | $474.23 Million | 1.19 Million | $362.9 Million | 39% |
| Food Preparations | $463.03 Million | 15,066 | $350.96 Million | 101% |
| Soybeans | $462.29 Million | 752,880 | $313.23 Million | 65% |
| Fish and Seafood | $455.72 Million | 125,938 | $489.6 Million | -4% |
| Ethanol (non-bev.) | $401.32 Million | --- | $162.2 Million | 2829% |
| Distillers Grains | $392.11 Million | 1.27 Million | $224.89 Million | 212% |
Data and Analysis
This monthly report includes information on U.S. and global imports of dairy products, including maximum quantities that can be imported under tariff-rate quota licensing.
The Korea oilseeds and products market is mature with limited annual change, reflecting stable consumer demand and stagnant domestic production.
This report provides updates to the Korea Rice Production 2022 report issued by FAS/Seoul on June 28, 2022, based on new data released by the Korean Ministry of Agriculture, Food, and Rural Affairs (MAFRA) in December 2022.
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News and Features
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.
Australia, Canada, Japan, New Zealand, the Republic of Korea, and the United States issued a joint statement following the conclusion of the 2022 APEC Food Security Ministers Meeting hosted by Thailand.
The American agricultural industry posted its highest annual export levels ever recorded in 2021, Secretary of Agriculture Tom Vilsack announced today.