South Korea’s US beef imports hit record in 2017

23.01.2018

Imports surpassed the USD 1 billion mark for the first time in the first 11 months of 2017, fuelled by rising consumer demand. According to the Korea Customs Service, beef imports hit an annual record of USD 1.09 billion. This compared to USD 966.9 million in 2016 and is the highest since 2000 when the country started to keep records of imported beef.

In terms of volume, the customs office said Asia’s fourth-largest economy brought in 166,432 tonnes of American beef in the first 11 months of 2017. US beef maintained No. 1 status after the country fully opened its market to imports in 2001. Afterwards, with the signing of a bilateral free trade agreement and rising demand for US beef, import volumes have picked up.


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