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U.S. agricultural and related product exports to South Korea exceeded nine billion dollars in 2018, making it our fifth largest agricultural export market.
Korea’s total citrus production for Marketing Year (MY) 2019/20 (October – September) is projected to increase six percent to 645,000 metric tons (MT) from 607,638 MT in MY 2018/19.
On November 12, 2019, Statistics Korea (KOSTAT) released its revised 2019 rice production estimate of 3.744 million metric tons (MMT), down 1 percent from the initial rice production estimate....
In Marketing Year (MY) 2019/20 (July – June), Korea’s fresh apple production is projected to increase 7 percent to 508,000 metric tons (MT), mainly due to favorable weather during the flowering....
In 2016, overall local raw milk products decreased 4.5 percent by a volume of 2 million metric tons (MT), but per capita volume consumption continued to increase to 76.4 kilograms in 2016.
South Korea’s horse imports totaled $25.2 million in 2016. The United States remained the leading exporter to Korea by shipping horses valued at $18.1 million, up 15 percent from the previous year.
Infographic showing the growth of U.S. pork exports which topped $5.7 billion in 2016.
This first Korean apple report highlights apple market dynamics in Korea. Although production area has been growing in recent years, harvest yields fluctuate due to weather patterns.
Korean beef production will increase slightly in 2018, supported by calf production that is marginally higher than previously forecast.