South Korea’s Food Exports Poised to Set New Record in 2023

Seoul, South Korea - South Korea's food exports are projected to reach an all-time high in 2023, driven by the global trend toward healthy eating, the Ministry of Agriculture, Food and Rural Affairs announced on Thursday. As of Saturday, the nation's exports in the food sector, termed "K-Food Plus," have totaled US$10.4 billion this year, a 1.2 percent increase from the previous year.

According to Yonhap News Agency, the ministry outlined that K-Food Plus covers a wide array of products, ranging from fresh and processed food items to agricultural equipment and solutions. Notable growth was seen in specific sectors: kimchi exports surged by 9.4 percent to $137.4 million, while strawberry shipments increased by 24.6 percent to $52.8 million. Instant noodle exports also saw a significant jump of 25.4 percent, reaching $842.7 million and surpassing the total for 2022.

The data showed considerable growth in exports to various regions. Shipments to China rose by 11.3 percent to $1.24 billion, and exports to the United States increased by 5.4 percent to $1.14 billion. Additionally, exports to Europe climbed by 3.4 percent, reaching $473.2 million.

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