South Korea
U.S. Trade with South Korea in 2023
Export Market Rank
#6 Among U.S. Agricultural Export Markets
Total Export Value
$7.5 Billion
3-Year Average
$8.77 Billion
Compound Average Growth
0.68% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to South Korea in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Beef & Beef Products | $2.13 Billion | 248,257 | $1.65 Billion | 151% |
| Pork & Pork Products | $632.9 Million | 190,975 | $527.03 Million | 43% |
| Wheat | $406.55 Million | 1.2 Million | $369.84 Million | -1% |
| Distillers Grains | $380.11 Million | 1.27 Million | $250.15 Million | 113% |
| Food Preparations | $343.1 Million | 11,527 | $362.14 Million | 45% |
| Fresh Fruit | $331.35 Million | 117,898 | $401.18 Million | -5% |
| Dairy Products | $320.27 Million | 85,171 | $352.99 Million | -23% |
| Soybeans | $320.1 Million | 530,012 | $317.15 Million | -11% |
| Corn | $271.35 Million | 896,598 | $716.44 Million | -74% |
| Tree Nuts | $269.85 Million | 50,559 | $307.24 Million | -25% |
Data and Analysis
Chocolate is a popular product in the Korean market, with 2023 sales reaching $578 million and imports of chocolate totaling $356 million.
Korean imports of cheese products continue to grow, seeing a five percent compound annual growth rate over the last five years. Mozzarella is the most imported cheese product and the United States is the leading supplier of cheese to Korea.
Korea’s beer imports reached $218 million in 2023, up 11.8 percent from $195 million in 2022, but still 30 percent down from the record high of $310 million in 2018. Although Korea’s beer imports have been decreasing since the pandemic, the United States increased exports of beer to Korea in 2023, reaching $17.9 million, up 43% from $12.5 million in 2022.
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Jun 10
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Seoul, South Korea
News and Features
Private exporters reported sales of 30,000 MT of soybean oil for delivery to South Korea during MY 2024/2025.
Private exporters reported sales to Mexico, South Korea, and unknown destinations for MY 2024/2025.
Private exporters reported sales of 20,000 MT of soybean oil for delivery to South Korea during MY 2024/2025.