XINHUA – South Korea’s export of agricultural and food products rose in the first nine months of this year due to strong demand from the United States (US) and Europe, government data showed yesterday.
Outbound shipment of locally-made food and farm produce grew 8.3 per cent to USD7.31 billion during the January-September period compared to the same period of last year, according to the Ministry of Agriculture, Food and Rural Affairs.
The agri-food products export to the US expanded 20.8 per cent to USD1.16 billion in the cited period, and shipment to Europe surged 27.4 per cent to USD506.1 million.
Export to the Association of Southeast Asian Nations (ASEAN) added five per cent to USD1.4 billion, but shipment to Japan declined 6.9 per cent to USD1.02 billion.
By item, instant noodle shipment spiked 29.6 per cent to USD903.8 million in the nine-month period, while export for processed rice products soared 41.6 per cent to USD217.9 million.
Export for confectionery and beverage increased in double figures to USD560.7 million and USD505.7 million each.
