Korea, South

U.S. agricultural exports to South Korea reached a record $6.9 billion in fiscal year 2014, up 32 percent from the previous year. South Korea is the United States' sixth-largest market, with top exports including corn, beef and dairy.

Implementation of the U.S.-Korea Trade Agreement (KORUS) on March 15, 2012 immediately removed duties on two-thirds of U.S. agricultural trade, and is helping to keep the United States on a level playing field with Korea’s other foreign trading partners. Major winners to date from KORUS include tree nuts, dairy, and processed fruits and vegetables. Going forward, the KORUS committee structure, including the Committee on Trade in Goods and the Committee on Sanitary and Phytosanitary Measures, will be the forum for resolving market access issues.

Data & Analysis

August 27, 2015
FAS provides summaries of the latest USDA quarterly forecasts for U.S. trade in agricultural products and a link to the joint FAS/ERS publication Outlook for U.S. Agricultural Trade.
August 17, 2015
While several proposals to expand biotech labeling are still pending in the National Assembly, MFDS announced its plan in early 2015 to expand mandatory biotech labeling to include all products...
August 14, 2015
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.
August 12, 2015
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in cotton.