South Korea's farm exports grow 0.6 pct on-year in July

South Korea's farm exports grow 0.6 pct on-year in July

SEJONG, Aug. 12 (Yonhap) — South Korea’s exports of farmed goods grew slightly from a year earlier in July on more shipments of processed products, the government said Wednesday.

Outbound shipments of agricultural and food products amounted to US$526.3 million last month, up 0.6 percent from the same month last year, according to the Ministry of Agriculture, Food and Rural Affairs.

The increase came from a rise in shipments of processed goods, such as instant noodles and tobacco, which more than offset a 10.6 percent plunge in exports of fresh foodstuff.

Shipments of processed products came to $440 million while those of fresh foodstuff, such as vegetables and fruits, amounted to $86.3 million.

By country, exports to Japan tumbled 12.7 percent on-year to $102 million while shipments to China, the world’s second-largest importer of South Korean food products, slipped 2.2 percent to $81.5 million.

On the other hand, shipments to the United States jumped 12.6 percent to $53.7 million with shipments to Hong Kong also spiking 18.9 percent to $32 million.

Source:http://english.yonhapnews.co.kr/business/2015/08/12/0501000000AEN20150812003100320.html

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