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Korean seafood imports totaled $5.93 billion in 2023, down 8.3 percent from 2022. Korean 2023 seafood imports from the United States totaled $203 million, a decrease of 11.4 percent year-to-year.

Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.

Korean seafood imports totaled $6.47 billion in 2022, up 12.7 percent from the year before. Seafood for human consumption imported from the United States to Korea in 2022 reached $229 million, an increase of 5.6 percent year-to-year. The United...

The lobster market in Korea was hit hard by the COVID-19 pandemic in 2020. In 2021, Korean lobster imports totaled 413.6 metric tons. The United States was the second largest supplier, holding a 7.7 percent market share by volume. Canada is the largest supplier.

The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products.

While Korean seafood imports declined in 2020, the United States remains the country's fifth-largest seafood supplier with a 4.1 percent market share.

The lobster market has grown since Korea signed FTAs with the United States in 2012 and Canada in 2015. Korean lobster imports totaled 5,254 metric tons in 2019.

This report is an update on recent efforts by Korea to update their veterinary drug safety management system, which may impact U.S. exports of meat and livestock products to Korea.

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....

Korean imports of seafood in 2018 totaled $5.79 billion, up 16.2 percent from 2017 due to rising prices and increased imports of shrimp and squid.

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....

Korean imports of seafood in 2017 totaled $4.98 billion, up 10.7 percent from 2016 due to rising prices and increased imports of white fish and shrimp.