Browse Data and Analysis

Imports of American food and agricultural products into Korea in 2015 are forecast to total $7.2 billion, down 11 percent from the previous year...

On November 13, 2015, Statistics Korea (KOSTAT) released its revised 2015 rice production estimate of 4.33 million metric tons.

Post revises rice production upward, despite a decline in planted area, based on record average yields of 5.33 MT/ha, due to favorable weather in September.

In 2014, $56 billion in local dairy product sales were one-percent higher than 2013.

Korea’s production of beef is expected to decrease in 2015 and 2016 due to reduced cattle supplies. At the same time consumption will increase slightly allowing for greater imports including U.S. beef

In Marketing Year (MY) 2016, chicken production is forecast to increase slightly by two percent to 848,000 MT from 832,000 MT in MY 2015, due to higher parent stock (PS) and broiler inventories....

While several proposals to expand biotech labeling are still pending in the National Assembly, MFDS announced its plan in early 2015 to expand mandatory biotech labeling to include all products...

The United States is the world’s top exporter of processed potato products. Over the past decade those exports have grown 127 percent, reaching a record $1.5 billion in 2014...

Imported beer market in South Korea continued a robust growth due to strong consumer demand for products of diversified taste and higher quality.

In 2014, total Korean imports of seafood were $4.16 billion, up 16.7 percent from 2013 due to the increased demand and rising prices.

This report is an update to the previous forecast. Notable changes for MY 2015/16 include an increase in Korean wheat production to 36,000 MT and increased wheat consumption to 3.85 million tons.

Despite challenging economic environment, the South Korean wine market continues to expand.