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ATO Seoul prepares Market Briefs on a wide range of food, beverage, and agricultural products, as well an annual exporter guide. These reports are available through the Gain Search Page.

  • Korea Seafood Market Update 2022 | Seoul ATO l September 8, 2022

    Korean seafood imports totaled $5.74 billion in 2021, up 9 percent from 2020, with imports from the United States increasing slightly to $217 million. The United States remains the fifth largest seafood exporter to Korea with a 3.8 percent market share. Korean consumers generally view U.S. fishery products as high quality and safe, but regional competitors often have lower prices. U.S. fishery exports to Korea are generally focused on lower volume/higher value market segments.

    Korea Seafood Market Update 2022_Seoul ATO_Korea - Republic of_KS2022-0019

  • Retail Foods | Seoul ATO | June 30, 2022

    The United States is the leading supplier of imported consumer-oriented agricultural products to the Korean retail industry, shipping a record $6.2 billion in 2021. The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products, including beef, pork, processed meat, vegetables, fruits, nuts, dairy products, juices and soft drinks, alcoholic beverages, condiments and sauces, processed organic foods, coffee, bakery products, snacks and confectioneries.

    Retail Foods_Seoul ATO_Korea - Republic of_KS2022-0017

  • Korea Lobster Market Brief | Seoul ATO l April 27, 2022

    The lobster market in Korea was hit hard by the COVID-19 pandemic in 2020. In 2021, Korean lobster imports totaled 413.6 metric tons. The United States was the second largest supplier, holding a 7.7 percent market share by volume. Canada is the largest supplier.

    Korea Lobster Market Brief_Seoul ATO_Korea - Republic of_KS2022-0013

  • Food Processing Ingredients | Seoul ATO | April 08, 2022

    Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs. As a result, the Korean food processing industry offers an outstanding opportunity for imported agricultural products for processing use, including basic commodities such as wheat and soybean, intermediate ingredients such as vegetable oils and fruit juice concentrates, and food additives such as flavors and coloring agents. The food processing industry generated 77.4 trillion Korean Won ($65.6 billion) in sales in 2020, up two percent from 2019.
  • Dairy and Products Annual | Dairy and Products | Seoul ATO | October 12, 2021

    Domestic milk production is forecast to stay steady at just over 2 million tons in 2022. 2021 milk production is projected to drop to 2.03 million tons after reaching 2.88 million tons in 2020. Milk production in 2020 benefited from favorable weather and higher price expectations. At the same time, COVID-19 related school closures resulted in weaker fluid milk demand. The resulting imbalance fueled higher dried milk production and larger dried milk stocks.
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Agricultural Trade Office, U.S. Embassy - Seoul
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