South Korea: Exporter Guide Annual
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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. supplied a fifth of it, ranking number one. Other key suppliers were China, Australia, Brazil, Vietnam, and Indonesia. Korea's overall agricultural imports are forecast to have limited growth this year partly due to decreased demand from local retail and food service industries, weakened Korean currency against the U.S. dollar, and global inflation of food prices over the last couple of years. However, U.S. food and agricultural products will continue to be competitive in this market in the long run considering extended consumer interests in quality, safety, and sustainability.
