South Korea
U.S. Trade with South Korea in 2024
Export Market Rank
#6 Among U.S. Agricultural Export Markets
Total Export Value
$8.52 Billion
3-Year Average
$8.51 Billion
Compound Average Growth
3.3% (2015-2024)
Total Export Value 2015 - 2024
Export Value by Commodity 2024
Top 10 Exports to South Korea in 2024
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $2.22 Billion | 232,479 | $1.78 Billion | 174% |
| Pork & Pork Products | $727.9 Million | 214,432 | $555.52 Million | 54% |
| Corn | $688.63 Million | 3 Million | $680.72 Million | 6% |
| Food Preparations | $491.44 Million | 13,943 | $387.57 Million | 81% |
| Wheat | $480.2 Million | 1.86 Million | $376.61 Million | 55% |
| Dairy Products | $385.66 Million | 101,824 | $350.03 Million | 26% |
| Fresh Fruit | $376.2 Million | 133,625 | $404.08 Million | 1% |
| Distillers Grains | $361.08 Million | 1.49 Million | $268.41 Million | 159% |
| Soybeans | $325.53 Million | 642,637 | $313.91 Million | 46% |
| Tree Nuts | $293.99 Million | 50,314 | $300.59 Million | -17% |
Data and Analysis
Although domestic soybean production is forecast to reach a 20-year high in marketing year (MY) 2025/26, Korea will remain dependent on imports for 89 percent of total supply.
On January 14, 2025, Korea’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) published new import health requirements (IHRs) for pet food, which are effective immediately. With the new IHRs, there is now a pathway to approve U.S. pet food products containing ruminant ingredients, which had been banned since 2003.
On December 31, 2024, Korea issued its flexible tariff Adjustment and Tariff Rate Quota list for certain agricultural, forestry and fishery products for calendar year (CY) 2025.
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Jun 10
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Trade Show
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USDA Endorsed
Seoul Food and Hotel
Seoul, South Korea
News and Features
Private exporters reported the following sales activity for MY 2024/2025: 130,000 MT of white wheat for delivery to South Korea and 20,000 MT of soybean oil for delivery to unknown destinations.
Private exporters reported sales of 132,000 MT of corn for delivery to South Korea during MY 2024/2025.
Private exporters reported sales of 132,000 MT of corn for delivery to South Korea during MY 2024/2025.