Browse Data and Analysis

As the fifth largest country export market for the United States, Korea provides a promising market for U.S. agricultural products. In 2023, Korea imported about $47 billion agricultural & related products from all over the world and the U.S...

On July 1, 2024, the United States and Republic of Korea agreed to the labeling requirements outlined in this report regarding storage state for U.S. red meat and poultry products and U.S. processed red meat, poultry, egg, and dairy products.

Marketing Year (MY) 2024/25 rice production and consumption forecasts remain unchanged since the April 2024 Grain and Feed Annual Report. Post revised MY 2023/24 rice imports down based on the import tender fulfillment pace by the Korean government. Progress allocating the 2024 rice tariff rate quota (TRQ) has been favorable for the United States, but local distribution of imported U.S. table rice has not kept pace, as auctions remain suspended since November 2023.

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.