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S. Korea's exports of farm products rise 5.9 pct in 2016

All News 12:00 January 22, 2017

SEJONG, Jan. 22 (Yonhap) -- South Korea saw its agricultural exports rise 5.9 percent last year from a year earlier despite a decline in the country's overall outbound shipments, government data showed said Sunday.

Exports of farm products reached US$6.47 billion in 2016, up from the previous year's $6.11 billion, according to the data released by the Ministry of Agriculture, Food and Rural Affairs.

Shipments of fresh fruit and vegetables including pears and paprika gained 7.5 percent to $1.08 billion, with those of processed food like instant noodles moving up 5.6 percent to $5.39 billion.

Exports to China increased 4.7 percent on-year to $1.1 billion, and to the United States jumped 14.2 percent to $717 million.

But Japan, the biggest buyer of South Korea-grown products, imported $1.16 billion worth of foodstuffs from South Korea last year, down 0.8 percent from a year earlier.

Meanwhile, South Korea's overall exports slumped 5.9 percent on-year to $495.5 billion last year, continuing its downbeat mode for two straight years.

S. Korea's exports of farm products rise 5.9 pct in 2016 - 1

brk@yna.co.kr
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