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

December 17, 2014
December 17, 2014
Korea’s total citrus production for Marketing Year (MY) 2014/15 is forecast at 688,000 metric tons (MT), 2.4 percent higher than the 672,000 MT of MY 2013/14.