South Korean agricultural exports up 7.7%

South Korea’s agricultural exports grew 7.7 percent on-year in 2020 on the back of growing demand for healthier foodstuffs amid the pandemic. According to the data compiled by the Ministry of Agriculture, Food and Rural Affairs, exports reached a record high of $7.5 billion last year, compared with $7 billion posted in 2019,

Exports of ginseng jumped 9.3 percent to reach $229.8 million over the period, while those of kimchi shot up 37.6 percent to reach $144.5 million.  Overseas sales of instant noodles rose 29.3 percent to $603 million as more people refrained from dining out amid the pandemic. Those of processed rice products gained 26.7 percent to $137 million as well. Other major export goods included grapes and persimmon, which grew 32.5 percent and 12.4 percent, respectively.

According to¸ exports of paprika, strawberries and tomato, however, lost 5.5 percent, 1.2 percent and 10.1 percent over the period, respectively, the data showed.

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Source: Fresh Plaza