South Korea: Seafood Market Brief Update 2017
Korean imports of seafood in 2016 totaled $4.5 billion, up 6.2 percent from 2015 due to rising prices. Imports of American seafood decreased by 2.6 percent from $233 million to $227 million making United States the fifth largest exporter with a market share of 5.1 percent. U.S. seafood is generally considered high quality and safe, but less price competitive when competing with other origins. By volume, frozen Alaska Pollack Surimi, Flatfish, Alaska Pollack Fish, Cod, Alaska Pollack roe, Monkfish, Hagfish, Ray, Atka Mackerel and live Lobsters were the major seafood imported from the United States. By value, frozen Alaska Pollack Surimi, live Lobsters, Cod, Flatfish, Alaska Pollack Fish, Monkfish, live Hagfish, frozen Skate, Alaska Pollack roe and frozen Hagfish were the top ten imported species.
