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International Business Newsletter-Korean instant noodle exports hit a new high!

Korean instant noodle exports hit a new high! But this raw material depends on imports from China? 


According to Yonhap News Agency, the preliminary verification data released by the Korean Customs Office and the food industry on January 7 showed that the export value of Korean instant noodles in 2023 increased by 24% compared with 2022, reaching 952 million US dollars, setting a new record.


As of October last year, South Korea's instant noodle exports reached $785 million, surpassing the annual record of $765 million in 2022. Since it first exceeded $200 million in 2015, the annual export value of South Korea's instant noodles has increased year by year, exceeding $400 million in 2018, and then reaching $600 million and $700 million in 2020 and 2022 respectively, maintaining the growth trend for nine consecutive years.


The frequent appearance of Korean instant noodles in Korean dramas, variety shows and movies, as well as the promotion of social media, have jointly promoted the increase of its exports. Moreover, under the influence of COVID-19 pandemic, people's increasing demand for convenience food has also contributed positively to this growth trend.


At present, with the quickening pace of people's life, instant noodles have become a part of many people's busy life. In recent years, Korean instant noodles with more and more novel tastes have become the choice of many people. And in the context of the global economic downturn, consumers in many countries are more willing to choose affordable instant noodles, which pushes up market demand.


At the same time, the trade agreement also helps Korean instant noodles go global. With the formal entry into force of the Regional Comprehensive Economic Partnership Agreement, it also creates new opportunities for Korean instant noodles and other food exports. It is known that South Korea is convenient to face a significant increase in exports from more than ten RCEP member countries.


China has always been an important market for Korean instant noodle exports, but the raw materials for Korean instant noodle production are also highly dependent on the Chinese market, and onions and mushrooms in vegetable bags are mainly imported from China. As Korean instant noodle exports continue to improve, it is expected that the demand for imported dehydrated vegetables from China will continue to increase. 



韩国方便面出口创新高!但这一原材料依赖从中国进口?


       据韩联社报道,韩国关税厅和食品行业1月7日发布的初步核实数据显示,韩国方便面2023年出口额较2022年增长了24%,达到了9.52亿美元,创下了历史新高。


       截至去年10月,韩国方便面的出口额已经达到了7.85亿美元,超过了2022年全年最高纪录(7.65亿美元)。自2015年首次突破2亿美元以来,韩国方便面的全年出口额逐年增长,2018年突破4亿美元,随后在2020年和2022年分别达到了6亿和7亿美元,连续9年保持增长态势。


       由于韩国方便面频繁出现在韩剧、综艺节目和电影中,加上社交媒体的宣传,共同推动了其出口的增加。并且,在新冠疫情的影响下,人们对方便食品的需求增加也对这一增长趋势产生了积极助力。


       目前,随着人们生活节奏的加快,方便面已经成为许多人忙碌生活中的一部分。而近年来口味越来越新颖的韩国方便面成为很多人的选择。并且在全球经济低迷的背景下,很多国家的消费者更愿意选择价格实惠的方便面,推高了市场需求。


       同时,贸易协定也助力韩国方便面走向世界。伴随着《区域全面经济伙伴关系协定》的正式生效,也为韩国方便面和其他食品的出口创造了新机遇,据了解韩国方便面对RCEP十多个成员国的出口额显著增长。


       中国一直都是韩国方便面出口的重要市场,但韩国方便面的生产原材料也高度依赖中国市场,蔬菜包里的洋葱和香菇主要都是从中国进口的。随着韩国方便面的出口持续向好,预计从中国进口脱水蔬菜等需求还会不断增加。