Trade4go Summary
The export values of instant noodles, biscuits, beverages, and processed rice foods have reached unprecedented levels, with notable year-on-year increases: instant noodles rose by 29.6% to $903.8 million, biscuits by 15.5% to $560.7 million, beverages by 13.6% to $505.7 million, and processed rice foods by 41.6% to $217.9 million. Exports to the US, China, and Europe also experienced significant growth. Despite fewer working days due to the Mid-Autumn Festival, the overall export volume of agricultural food hit a record high by September's end. The Ministry of Agriculture and Food expects continued growth in Korean processed rice food exports, especially in the US and Chinese markets, driven by their popularity and expansion into global e-commerce and large-scale distribution channels.
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Original content
The export value of instant noodles, biscuits, beverages, and processed rice foods all hit new highs. Among them, the export value of instant noodles increased by 29.6% year-on-year to US$903.8 million, which is close to the export value of the whole year of last year (US$952.4 million); the export value of biscuits increased by 15.5% year-on-year to US$560.7 million; the export value of beverages increased by 13.6% to US$505.7 million; the export value of processed rice foods increased by 41.6% to US$217.9 million, which has exceeded the export value of the whole year of last year (US$217.2 million). By export destination, exports to the United States increased year-on-year 20.8% to $1.1609 billion; exports to China increased by 5.2% to $1.0896 billion; exports to Europe increased by 27.4% to $506.1 million. The Ministry of Agriculture and Food analyzed that although the number of working days decreased year-on-year due to the Mid-Autumn Festival holiday, the export volume of ...