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%

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Data and Analysis

Attaché Report (GAIN)

South Korea: Oilseeds and Products Annual

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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News and Features

Export Sales Announcement

Export Sales to South Korea and Unknown Destinations

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.
Export Sales Announcement

Export Sales to South Korea

Private exporters reported sales of 132,000 MT of corn for delivery to South Korea during MY 2024/2025.
Export Sales Announcement

Export Sales to South Korea

Private exporters reported sales of 132,000 MT of corn for delivery to South Korea during MY 2024/2025.