South Korea
U.S. Trade with South Korea in 2022
Export Market Rank
#6 Among U.S. Agricultural Export Markets
Total Export Value
$10.05 Billion
3-Year Average
$9.34 Billion
Compound Average Growth
5.4% (2013-2022)
Total Export Value 2013 - 2022
Export Value by Commodity 2022
Top 10 Exports to South Korea in 2022
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $2.72 Billion | 294,325 | $1.49 Billion | 346% |
| Pork & Pork Products | $609.55 Million | 174,957 | $491.36 Million | 121% |
| Dairy Products | $568.63 Million | 137,903 | $351.02 Million | 89% |
| Corn | $508.03 Million | 1.37 Million | $712.63 Million | 118% |
| Wheat | $477.34 Million | 1.19 Million | $363.21 Million | 40% |
| Soybeans | $462 Million | 752,553 | $313.2 Million | 65% |
| Food Preparations | $461.93 Million | 15,050 | $350.81 Million | 101% |
| Fish and Seafood | $455.55 Million | 125,930 | $489.58 Million | -4% |
| Ethanol (non-bev.) | $393.21 Million | --- | $161.29 Million | 2770% |
| Distillers Grains | $392 Million | 1.26 Million | $224.87 Million | 212% |
Data and Analysis
Post forecasts a rebound in Korean poultry production for 2024, surmounting 2023 supply challenges to meet rising consumer demand for chicken meat.
Korea was the 5th largest country importer of U.S. agricultural and related products in 2022. The United States is the leading supplier of imported consumer-oriented agricultural products for Korean retail industry, shipping $5.9 billion in 2022.
The FAS/Seoul June 2023 Grain and Feed update covers changes to the Korean rice situation since the March 2023 Grain and Feed Annual report. Marketing year 2022/23 production and consumption will be unchanged, with a small decline in imports.
News and Features
May is World Trade Month, and USDA's Foreign Agricultural Service is marking the occasion by sharing some of the most recent facts and figures about U.S. agricultural trade.
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.
Australia, Canada, Japan, New Zealand, the Republic of Korea, and the United States issued a joint statement following the conclusion of the 2022 APEC Food Security Ministers Meeting hosted by Thailand.