Browse Data and Analysis

On December 24, 2018, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....

U.S. oranges coming into Korea from September 1- February 28 do so under a Tariff Rate Quota (TRQ) negotiated under the Korea-U.S. Free Trade Agreement (KORUS).

South Korea’s imports of American food and agricultural products in 2018 through October totaled $7.9 billion, up 16.8 percent from the same period of the previous year.

South Korea is one of the most reliable export markets for U.S. agricultural goods. Its vibrant economy offers easy access to modern retail outlets...

Line graph showing the growth of U.S. agricultural exports and imports in the context of international free trade agreements.

Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.

U.S. agricultural exports to South Korea have grown in recent years, largely due to tariff reductions and the lifting of non-tariff barriers under the U.S.-Korea Free Trade Agreement (KORUS).

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 the previous year.

Line graph showing the growth of U.S. agricultural exports and imports in the context of international free trade agreements.

Imports of American food and agricultural products into Korea in 2016 through September totaled $5.1 billion, down 11 percent from the previous year mainly due to reduced demand for basic...

The KORUS FTA (Free Trade Agreement) went into effect March of 2012, and the agreement’s elimination of tariffs for almonds and pistachios, as well as tariff reductions for walnuts...

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.