South Korea: Korea Seafood Market Update 2024
Link to report:
Korean seafood imports totaled $5.93 billion in 2023, down 8.3 percent from 2022. Korean 2023 seafood imports from the United States totaled $203 million, a decrease of 11.4 percent year-to-year. The United States was the sixth largest seafood exporter to Korea in 2023, with 3.4 percent of the market. Korean consumers generally view U.S. fishery products as high-quality, but U.S. supply of species favored by Korean consumers has declined in recent years and regional competitors are price competitive.
