RoK earns 680 million USD from farm exports to ASEAN in H1
Monday, 22/10/2018 15:39 (GMT+7)
The Republic of Korea's agricultural exports to the 10-member Association of Southeast Asian Nations (ASEAN) topped USD680 million in the first half of this year, making the bloc the biggest importer of RoK farm produce, according to the Yonhap news agency.
This was the first time ASEAN had replaced Japan as the biggest importer of the RoK’s farm goods on a half-yearly basis.
Source: Retail Korea Foods
Data from the Korea Rural Economic Institute showed that the RoK’s farm exports to Japan stood at USD670 million in the first half.
In the January-June period, the country’s overall exports of farm produce rose 8.5 percent on year to USD3.5 billion.
Meanwhile, its imports in the sector gained 9.5 percent on-year to USD17.7 billion in the same period.
The United States accounted for 27 percent of RoK imports of agricultural products, followed by ASEAN with 15.3 percent and China with 12.7 percent, according to the data./.
CPV/VNA
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