Korea Exporter Guide 2017

Country:
Korea, Republic of

Report Highlights: South Korea’s imports of American food and agricultural products in 2017 through September totaled $6.3 billion, up 25 percent from the same period of previous year. The United States remained the leading exporter of food and agricultural products to Korea with 25 percent market share. Under solid recovery trend of the Korean economy, American exports to Korea showed outstanding outcomes for the basic, intermediate, and consumer-oriented product categories. Despite escalated competition from export-oriented competitors, consumer-oriented American products continued to lead the expansion of export market in Korea, which reflected Korean consumers’ increased demand for better value, quality and diversity. The Korea-United States Free Trade Agreement, implemented in 2012, coupled with on-going recovery of the Korean economy, is expected to generate greater export opportunities for American products in Korea in the coming year.

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Exporter Guide_Seoul ATO_Korea - Republic of_11-21-2017.pdf1.19 MB