Xinhua News Agency, Seoul, April 5th Korea's Agricultural and Fisheries Trading Corporation (aT) released data on the 5th, saying that despite the unfavorable factors such as abnormal climate, high oil prices, and strong won, South Korea’s agricultural food exports reached 15.297 in the first quarter of this year. Billion US dollars, an increase of 27.4% year-on-year, and exports hit a record high.
Data show that Korea’s export of agrifood in the first quarter of this year saw the largest increase in export of formula milk powder, which was a year-on-year increase of 318%; followed by Makgeolli (234%), ginseng (76%), laver (44%), and white sugar. (34%) and other products. Among them, Korea's agricultural food exports to China's Taiwan region recorded the largest year-on-year increase of 73%, followed by China (35%), Hong Kong (24%) and Southeast Asia. In addition, as of March, Korea’s agricultural food exports to Japan reached US$4.6840 billion this year, a year-on-year increase of 20.8%.
The South Korean Agricultural and Fisheries Products Distribution Organization analyzed that although the Japanese earthquake and nuclear power plant accident caused South Korea’s exports to Japan to decrease, it is currently responding quickly. It is estimated that in Korea’s future agricultural food exports to Japan, flowers and other agricultural products (000061 shares, market conditions, information, and major sales) will be affected by factors such as shrinking consumption and transportation difficulties. Exports will be reduced; however, instant products such as instant noodles and mineral water are in short supply. The demand for products produced in the earthquake-stricken areas in Japan, such as cucumbers, tomatoes, and strawberries, as well as aquaculture products, will increase significantly.
Data show that Korea’s export of agrifood in the first quarter of this year saw the largest increase in export of formula milk powder, which was a year-on-year increase of 318%; followed by Makgeolli (234%), ginseng (76%), laver (44%), and white sugar. (34%) and other products. Among them, Korea's agricultural food exports to China's Taiwan region recorded the largest year-on-year increase of 73%, followed by China (35%), Hong Kong (24%) and Southeast Asia. In addition, as of March, Korea’s agricultural food exports to Japan reached US$4.6840 billion this year, a year-on-year increase of 20.8%.
The South Korean Agricultural and Fisheries Products Distribution Organization analyzed that although the Japanese earthquake and nuclear power plant accident caused South Korea’s exports to Japan to decrease, it is currently responding quickly. It is estimated that in Korea’s future agricultural food exports to Japan, flowers and other agricultural products (000061 shares, market conditions, information, and major sales) will be affected by factors such as shrinking consumption and transportation difficulties. Exports will be reduced; however, instant products such as instant noodles and mineral water are in short supply. The demand for products produced in the earthquake-stricken areas in Japan, such as cucumbers, tomatoes, and strawberries, as well as aquaculture products, will increase significantly.
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