Production in the Korean food industry has expanded considerably in recent years, growing by about 8.1% per year according to the Korea Food and Drug Administration.
2010 | 2015 | 2019 | |
Food Production | 37.4 Billion USD | 45.3 Billion USD | 52.6 Billion USD |
Food Ingredient | 16.5 Billion USD | 25.1 Billion USD | 29.3 Billion USD |
Major destinations and sources of Korean food exports and imports (2019)
Top 5 recipients of Korean food exports | Top 5 sources of Korean food imports | |||
Country | Pct. Share | Country | Pct. Share | |
1 | Japan | 19.2% | United States | 24.2% |
2 | ASEAN | 17.7% | China | 13.3% |
3 | China | 14.4% | Australia | 8.5% |
4 | United States | 10.9% | Brazil | 7.1% |
5 | GCC | 7.4% | Indonesia | 4.3% |