Chungnam's Seafood Export Value Up 14.9%... Highest Growth Rate Nationwide
[Asia Economy (Naepo) Reporter Jeong Il-woong] The export performance of seafood products in the Chungnam region recorded the highest rate nationwide.
Chungnam Province announced on the 7th that as of the end of July, the export value of seafood products in the Chungnam region reached $63.73 million, showing a 14.9% increase compared to July of last year ($55.45 million).
This contrasts with the nationwide seafood product export value of $13.0324 billion in July, which decreased by 12.5% compared to the previous year. The province analyzes that the increase in seafood product exports is due to the expansion of transaction volumes with existing clients and buyers, as well as changes in consumer trends.
In fact, exports of processed products such as seasoned gim (seaweed), tailored to consumer trends, recorded an increase of 531.5% compared to the previous year, whereas traditional seaweed (99.4%), salted seafood (70.0%), and miyeok (seaweed) (15.4%) each saw a decrease in export value.
By city and county, Asan showed the highest export increase rate at 80.4%, followed by Boryeong at 23.6% and Taean at 19.7%.
The province plans to hold overseas promotional and sales events through local personnel at the provincial trade office established in Vietnam, anticipating limitations in new export contracts due to the prolonged COVID-19 pandemic. It will also focus on product differentiation to meet the increasing demand for convenient foods.
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A provincial official stated, “Despite restrictions on entry and exit due to COVID-19, we steadily managed existing buyers and continuously developed new products, achieving growth in export value.” He added, “The province plans to minimize export damage caused by COVID-19 and strengthen online trade capabilities by supporting entry into global large shopping malls such as Amazon and Taobao, as well as promoting business-to-business (B2B) transactions.”
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