# Presentation: 255376

## U.S.-Korea Trade in Horticultural Products

**Foreign Agricultural Service**
**Horticultural & Tropical Products Division**
**October 2002**

**City of Busan (10/24/99)**

## Overview

- The health of the country’s economy is important to U.S. agricultural exporters, since South Korea’s 46 million residents must import about 70 percent of their foods.
- Though rocked by the regional financial crisis that began in 1997, South Korea’s gross domestic product began showing signs of recovery by 1999.
- Consumer oriented products made up almost a third of 2001 U.S. agricultural sales. U.S. exports dominated the market of the following products, with at least a 90% market share 2001:
- 	- Oranges **(97%)**	- Walnuts **(100%)**	- Frozen Potatoes **(90%)**
- 	- Almonds **(99%)**	- Potato Chips **(96%)**

**Source: **_**AgExporter**_**, “South Korea’s Recovery Fuels U.S. Exports”, Sept. 2002,  pg.11-12**

## U.S. Shipments to Korea Rebound Following Asian Financial Crisis Drop-off 

**Data Source: U.S. Bureau of the Census**

## U.S. Exports to Korea of Leading Product Categories

**Data Source: U.S. Bureau of the Census**

## U.S. Exports of Edible Tree NutsPost Steady Recovery

**Data Source: U.S. Bureau of the Census**

## U.S. Accounts for All of Korea’s Reported Walnut Imports in 2001

_**1996**_

_**2001**_

_**Market of  U.S. $2 million**_

_**Market of U.S. $5 million**_

**84%**

**100%**

**Source of Data: Korean Customs Service**

## U.S. Maintains Dominant Share of Korea’s Almonds Imports

_**1996**_

_**2001**_

_**Market of U.S. $19 million**_

_**Market of U.S. $16 million**_

**99%**

**99%**

**Source of Data: Korean Customs Service**

## U.S. Essential Oil Exports Exhibit Upward Trend Following Dip

**Data Source: U.S. Bureau of the Census**

## Korea Emerges as a Leading Market for U.S. Citrus following Uruguay Round Agreement 

**Data Source: U.S. Bureau of the Census**

## Oranges Dominate Citrus Fruit Exports to Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Remains Nearly the Exclusive Supplier of Korea’s Orange Imports

_**1996**_

_**2001**_

_**Market of U.S. $20 million**_

_**Market of U.S. $75 million**_

**100%**

**97%**

**Source of Data: Korean Customs Service**

**Notes:**
As you can see the U.S. dominates Korea’s Imports of Fresh Oranges, in addition to a U.S. $55 million gain from 1996 to 2001. 

## U.S. Exports of Frozen Vegetables Show Steady Growth to Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Frozen Potato Fries Account for Bulk of Frozen Vegetable Exports to Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Maintains Dominant Market Share of Korea’s Frozen Potato Imports

_**1996**_

_**2001**_

_**Market of  U.S. $23 million**_

_**Market of U.S. $30 million**_

**88%**

**90%**

**Source of Data: Korean Customs Service**

## U.S. Exports of Prepared/Preserved Vegetables to Korea

**Data Source: U.S. Bureau of the Census**

## Sweet Corn the Leading Prepared/ Preserved Vegetable Export to Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Gains Market Share of Korea’s Sweet Corn Imports

_**1996**_

_**2001**_

_**Market of U.S. $16 million**_

_**Market of U.S. $26 million**_

**73%**

**86%**

**Source of Data: Korean Customs Service**

**Notes:**
There was an 13% in market share increase from 1996 to 2001, along with the growth of U.S. $8 million. 

## U.S. Enjoys Lion’s Share of Korea’s Potato Chips Imports

_**1996**_

_**2001**_

_**Market of U.S. $14 million**_

_**Market of U.S. $5 million**_

**79%**

**96%**

**Source of Data: Korean Customs Service**

## Trend is Mixed for Fruit and Vegetable Juice Exports to Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Exports of Selected Fruit and Vegetable Juices to Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Market Share of Korea’s Imports of Frozen Orange Juice Decreases

_**1996**_

_**2001**_

_**Market of U.S. $68 million**_

_**Market of U.S. $43 million**_

**69%**

**75%**

**Source of Data: Korean Customs Service**

**31%**

**25%**

## U.S. Wine & Wine Product Exports to Korea on the Rise

**Data Source: U.S. Bureau of the Census**

## U.S. Exports of Selected Wine & Wine Products to Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Market Share of Korea’s Wine Imports Expands Sharply

_**1996**_

_**2001**_

_**Market of U.S. $13 million**_

_**Market of U.S. $20 million**_

**52%**

**47%**

**Source of Data: Korean Customs Service**

**10%**

**28%**

## U.S. Imports of Horticultural Products From Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Imports of Selected Fresh Deciduous Fruits from Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Imports of Selected Edible Tree Nuts from Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Imports of Selected Dried/Dehydrated Vegetables from Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Imports of Selected Prepared/Preserved Vegetables from Korea

**Data Source: U.S. Bureau of the Census**

**Notes:**
Unfortunately, there is not a lot of detailed data to observed. Most of the data in others was classified as Other Preserves/Preparations or Other Preserves/Preparations with Vinegar.

## U.S. Imports of Other Selected Horticultural Products from Korea

**Data Source: U.S. Bureau of the Census**

## U.S. Imports of Ginseng from Korea Register Decline

**Data Source: U.S. Bureau of the Census**