Business · Trade · 5 hrs ago
Daegu food exports rise 30.2% as demand for Korean food grows
Daegu, a city in South Korea, exported $65.77 million in food products, up 30.2% from the same period a year earlier by the end of last month.
The increase came amid growing international interest in Korean food.
Drinks were the largest food export category, followed by processed agricultural and seafood products.
Rice cakes, including tteokbokki, made up 88.1% of processed agricultural and seafood exports, worth $14.73 million.
The United States and China were the biggest markets, while exports to Indonesia rose 833.5% to $2.89 million.
Daegu businesses shipped food to 75 countries, suggesting their markets are spreading beyond the largest destinations.
Customs officials say they are helping food companies with tailored advice on tariffs, product classification and rules of origin.
Daegu’s food exports reached US$65.77 million through the end of last month, up 30.2% from the same period a year earlier.
Beverages made up the largest share of exports at 27.0%, followed by processed agricultural and fishery products at 25.4%.
Rice cakes, including tteokbokki, accounted for US$14.73 million, or 88.1% of processed agricultural and fishery product exports.
The United States was the largest export market, followed by China.
Exports to Indonesia rose 833.5% to US$2.89 million.
- Who
- Food businesses in Daegu, South Korea.
- What
- Food exports from the region rose 30.2% to US$65.77 million.
- When
- Through the end of last month, compared with the same period a year earlier.
- Where
- Daegu, South Korea; exports went to 75 countries.
- Why
- The article attributes the rise to growing demand for Korean food.
This story does not have two clearly opposing sides.
Daegu’s food exports for the period reached US$65.77 million, up 30.2% from the same period a year earlier.
Yonhap reported the export figures, citing Daegu Customs.
- Total food exports
- US$65.77 million
- Year-on-year change
- Up 30.2%
- Rice-cake exports
- US$14.73 million
- Largest export market
- United States, 30.9%
- Exports to Indonesia
- US$2.89 million, up 833.5%
- Export destinations
- 75 countries
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What people are saying
We are actively supporting the food industry through tailored consultations on tariffs, product classification and the use of rules of origin.