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12, according to Korea Customs Service ( Customs ) and the food industry data released on the 12th, this year from January to August kimchi (Hsin, Kimchi) exports amounted to 1.
1146 billion US dollars, imports amounted to $ 86.
1 million
.
Following this trend, the annual trade volume is expected to achieve a surplus for the first time since the 2009 global financial crisis
.
Specifically, in the first eight months of this year, the export value of kimchi increased by 13.
8% year-on-year to US$114.
6 million; the import value decreased by 9.
7% year-on-year to US$86.
1 million
.
The trade balance achieved a surplus of US$25.
36 million
.
8% year-on-year to US$114.
6 million; the import value decreased by 9.
7% year-on-year to US$86.
1 million
.
The trade balance achieved a surplus of US$25.
36 million
.
In terms of export destinations, exports to Japan accounted for 51.
3% of the total, at 57.
19 million U.
S.
dollars, followed by the United States (18.
93 million U.
S.
dollars), Hong Kong (5.
38 million U.
S.
dollars), Taiwan (4.
54 million U.
S.
dollars), and the United Kingdom (4.
03 million U.
S.
dollars).
US dollars), the Netherlands (3.
76 million US dollars), Australia (3.
31 million US dollars)
.
3% of the total, at 57.
19 million U.
S.
dollars, followed by the United States (18.
93 million U.
S.
dollars), Hong Kong (5.
38 million U.
S.
dollars), Taiwan (4.
54 million U.
S.
dollars), and the United Kingdom (4.
03 million U.
S.
dollars).
US dollars), the Netherlands (3.
76 million US dollars), Australia (3.
31 million US dollars)
.
According to analysis, overseas consumers believe that kimchi and other fermented foods help to strengthen immunity during the epidemic, and the Korean wave culture has pushed people's attention to Korean food.
These factors have promoted the increase in kimchi exports
.
On the contrary, in March this year, after a video that revealed that Chinese kimchi factories did not meet sanitation standards, kimchi imports fell sharply.
In April, the import value (US$99.
91 million) fell below US$10 million after a lapse of 1 year and 10 months, and then fell further in July.
8.
23 million US dollars
.
(over)
These factors have promoted the increase in kimchi exports
.
On the contrary, in March this year, after a video that revealed that Chinese kimchi factories did not meet sanitation standards, kimchi imports fell sharply.
In April, the import value (US$99.
91 million) fell below US$10 million after a lapse of 1 year and 10 months, and then fell further in July.
8.
23 million US dollars
.
(over)
