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Korea’s farm exports surge 11% in July

South Korea’s exports of farm products jumped 11 percent from a year earlier in July on growing shipments to major markets, including China and the United States, the government said Tuesday. Outbound shipments of farm products, including processed food and agricultural goods, came to $526 million last month, compared with $473.7 million in July 2013, according to the Ministry of Agriculture, Food and Rural Affairs. The increase was attributed to growing demand for South Korean food in nearly all major markets throughout the world.

Shipments to China, the world’s second-largest importer of South Korean foodstuffs, spiked 15 percent on-year to $83.6 million in July, with exports to the United States surging 15.6 percent to $47.7 million. (Yonhap)