Data released on Sunday by the Korea Agro-Fisheries and Food Trade Corporation showed that the value of the Republic of Korea’s agricultural and food exports reached $10.2 billion last year.
The United States, China and Japan accounted for 46 per cent of the Republic of Korea’s agricultural and food exports. The United States ranked first with 17.5 per cent, or $1.8 billion, followed by China at 15.4 per cent, or $1.58 billion, and Japan at 12.7 percent, or $1.3 billion.
The European Union and the Middle East accounted for 7.5 percent, or $773 million, and 4 percent, or $411 million, respectively.
The Republic of Korea is seeking to open new markets, amid growing demand to diversify export destinations for agricultural and food products to enhance export sustainability.
WAM