South Korea Agricultural Exports 2026 Market Overview & Trends

Unlocking Opportunities in South Korea Agricultural Exports Market: Trends, Strategies, and Growth Insights

$654.1 m

Market Size

302.4 m Kg,Item

Export Volume

Canada

Key Trading Partner

~-0.43%

Market Growth Rate

Agricultural Products in Korea, South Trade

AI Insight

South Korea’s agricultural export market maintains a stable trajectory despite a slight -0.43% contraction. While the 2024 export value reached $654 million, volume remains robust at 302 million units. The USA and Japan remain dominant importers, but high growth in Canada (21.8%) and Malaysia (15.1%) highlights successful geographic diversification. The product portfolio is anchored by high-value items like Ginseng ($82.2M) and Strawberries ($67.5M). Investors should note the rising demand in ASEAN and North American markets for premium Korean produce and health-oriented extracts.

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5-Year Export Volume

AI Insight

South Korea's export value peaked in 2021 at $698.7 million. By 2024, value stabilized at $654 million, despite a significant volume increase to 302 million units compared to 2023. This suggests a shift in unit pricing or product mix over the five-year period.

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Top 5 Destination Countries

United States

28.66%

Japan

25.28%

China

18.81%

Other Asia, nes

15.47%

Hong Kong

11.78%

AI Insight

The United States and Japan are the primary pillars for Korean agricultural exports, with 2024 values of $115.7 million and $102.1 million respectively. Together, they significantly outperform other major markets like China and Hong Kong.

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Export Growth Analysis

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-0.4%Annual Growth

AI Insight

The overall market recorded a growth rate of -0.43%. This marginal decline reflects a stabilizing market environment with minimal volatility in total export performance during the analyzed period.

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Emerging Market Opportunities

AI Insight

Canada is the fastest-growing market with a 21.8% growth rate. Strong momentum is also evident in Southeast Asia, particularly Malaysia (15.1%) and Thailand (14.1%), indicating successful market penetration in these regions.

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Sector-Related Export Opportunities

AI Insight

Ginseng roots lead the sector with $82.2 million in exports. High-value fresh items like strawberries ($67.5 million) and pears ($58.8 million), alongside rice and herbal extracts, constitute the top five export commodities for 2024.

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Korea, South Agricultural Products Export Requirements

Before Shipment

1. Phytosanitary Certificate from NPPO. 2. Animal Health Certificate for livestock products. 3. Foreign Food Facility Registration with MFDS. 4. Korean language labeling compliance. 5. Compliance with the Positive List System (PLS) for pesticide residues.

Documentation Required

1. Commercial Invoice. 2. Bill of Lading or Air Waybill. 3. Packing List detailing contents. 4. Phytosanitary or Health Certificates. 5. Certificate of Origin to qualify for preferential FTA tariff rates.

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Agricultural Products Exports and Free Trade Agreements from Korea, South

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KORUS FTA
Korea-EU FTA
RCEP
Korea-China FTA
Korea-ASEAN FTA

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