South Korea’s exports of aquatic products will decrease in 2020, and seaweed remains at a new high
By: Date: 2021-01-08 Categories: Internationalfood Tags:
   Yonhap News Agency, Seoul, January 7th. South Korea’s Ministry of Oceans and Fisheries said on the 7th that in 2020, exports of Korean aquatic products will decrease by 7.6%year-on-year to US$2.32 billion. It is worth noting that the export of laver has maintained an increasing momentum, and the export volume has reached a record high.

   Affected by the restrictions on the import of aquatic products in many countries under the epidemic, the export of tuna, abalone, halibut and other aquatic products for meals dropped sharply, with a decrease of more than 13%in the first half of last year. The export of seaweed, which accounts for the largest proportion of aquatic product exports, hit a record high of 601 million US dollars, a year-on-year increase of 3.8%, of which seasoned seaweed increased by 13%year-on-year. In addition, aquatic products such as instant seaweed and fish cakes (9.5%), and canned tuna (10.2%) and other aquatic processed foods also achieved significant growth. As a result, aquatic products and processed aquatic foods accounted for nearly half of the total, 45%, an increase of 5 percentage points year-on-year.
   In order to solve the difficult problem of aquatic products export under the epidemic situation, the Ministry of Oceans and Fisheries actively carried out online promotional activities and held online trade fairs. Thanks to this, since September last year, aquatic product exports have changed from a year-on-year increase. The export value of aquatic products (235 million US dollars) hit the highest value of the year.
  The Ministry of Oceans and Fisheries also stated that it will actively adapt to changes in consumption trends this year and continue to increase support for”non-contact” exports. (End)