South Korea: an export market profile
1986
Dyck, J.H. | Sillers, D.A.
Extract: The United States exported $1.84 billion worth of agricultural products to South Korea in 1983, making South Korea the fifth leading market for U.S. agricultural products. Price competition from Chinese corn cut heavily into U.S. agricultural sales to South Korea in 1984-85. U.S. exports will grow to around $2.3 billion (1983 dollars) by 1990. Feed grains and soybeans will be largest sources of export growth; growth in wheat exports is doubtful. Korea is unlikely to import significant amounts of rice. U.S. sales of raw cotton to South Korea will grow slowly because of increased barriers to Korea's textile and garment exports in developed country markets, but sales of cattle hides should continue to grow rapidly. Horticultural products and processed foods will continue to face severe import barriers.
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