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    Home > Food News > Food Flavorings News > Exports of Korean chili sauce will increase by 35.2% YoY in 2020

    Exports of Korean chili sauce will increase by 35.2% YoY in 2020

    • Last Update: 2021-01-30
    • Source: Internet
    • Author: User
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    SEOUL, Jan. 25 (Yonhap) -- Exports of Korean chili sauce surged 35.2 percent year-on-year to $50.93 million in 2020, according to food industry statistics released by the Korea Agricultural and Aquatic Food Distribution Commune (aT) on Monday.
    By export target, exports to the United States (26.5 per cent), China (17.3 per cent), Japan (10.3 per cent) accounted for a relatively large share, while exports to Southeast Asian countries such as Thailand (up 113.2 per cent) and the Philippines (55.8 per cent) increased strongly.
    agricultural and aquatic food distribution commune said that after the outbreak, many overseas consumers through na fei and other Internet audio-visual services (OTT) access to Korean drama, and interest in Korean food, which in part contributed to the growth of chili sauce exports.
    On the other hand, although domestic retail sales of chili sauce continued to decline in 2017-2019, the growth of domestic cooking demand under the epidemic led to a negative growth rate of chili sauce sales in the first half of last year, up 6.2% YoY.
    (Complete)
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