Fruit Imports Increase 12.5% Annually Over 2003-2013


News: Fruit imports into South Korea have more than tripled over the 2003-2013 period, according to data from the Korea Customs Service. The country's fruit imports have increased 12.5% a year since it began signing free trade agreements (FTA) in 2003, Korea Herald reports. The country's fruit imports rose in terms of value and in terms of volume, according to the analysis. The fruit import market's overall value increased from USD286mn in 2003 to USD929mn in 2013. More than 90% of South Korea's fruit imports come from FTA nations including the US, Chile and Peru.

This article is tagged to:
Sector: Food & Drink, Agribusiness
Geography: South Korea