The Korea Herald


S. Korea's exports of sauces hit all-time high in 2020

By Yonhap

Published : Feb. 5, 2021 - 09:14

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South Korean red pepper paste (Yonhap) South Korean red pepper paste (Yonhap)
South Korea's exports of sauces reached an all-time high in 2020 as more people enjoyed cooking at home around the globe amid the new coronavirus pandemic, data showed Friday.

Outbound shipments of sauces rose 25.8 percent on-year in 2020 to reach $301.7 million, according to the data compiled by the Korea International Trade Association (KITA).

KITA said the growth also came as global consumers became more aware of Korean-style foods following the popularity of Korean cultural content overseas.

By destination, the United States accounted for 23 percent of the combined exports at $69.7 million, trailed by China with 20 percent, or $61 million.

Russia and Japan accounted for 8.3 percent and 8.2 percent, respectively.

South Korea's overall exports of foodstuffs also edged up 4.5 percent on-year in 2020 to reach $9 billion.

Last year, the country's total outbound shipments came to $512.8 billion, down 5.4 percent from 2019. (Yonhap)