Browse Data and Analysis

he Korea-Canada Free Trade Agreement entered into effect on January 1, 2015. Korea’s total trade volume with Canada amounted to 10 billion U.S. dollars in 2014.

Consumption of U.S. beef continues to gradually rise as consumer confidence in its safety goes up, however it’s less competitive due to higher prices and stiff competition.

As the well being trend is set to become even more prominent in Korea – U.S. Equivalency Agreement (KORUS EA) implementation since July 2014, the prospects for imported organic food seem very bright.

Expansion and diversification of large-scale retail businesses coupled with introduction of information technologies has led a rapid evolvement of the retail food sector in South Korea...

Wheat imports remain fairly steady at 3.9 and 4 million tons for MY 2014/15 and MY2015/16 respectively.

The Korean government has expended considerable resources in an effort to contain Foot & Mouth Disease (FMD) in swine and cattle as well as High Pathogen Avian Influenza (HPAI) in poultry farms.

Soybean imports are expected to be around 1.2 million MT for MY 2014/15, a decrease of six percent from the previous marketing year due to higher beginning stocks.

Korea recently announced revisions made to the 2015 tariff schedule in order to stabilize domestic consumer prices for certain agricultural products...

Korean retail prices for many imported fruits remain high even after FTA tariff reductions.

U.S. exports to the Republic of Korea (ROK) for Consumer Oriented products finished the year at a record high based on data through December 2014 at $3.5 Billion.

The Canada-Korea Free Trade Agreement (CKFTA), which entered into force on January 1, 2015, will create new opportunities for Canadian farmers and ranchers in the Korean market...

MY 2014/15 wheat consumption and imports remain unchanged at 3.7 million and 3.9 million tons respectively.