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Q1 export of agro- goods up 9.1pct yoy in North Jeolla Prov.
The value of quarterly export of agricultural goods in North Jeolla Province marked USD 862.1 million, 9.1 percent up from the same period last year even in the midst of the novel virus pandemic which has swept across the world.
The figure far exceeds national average growth rate of 3 percent. Specifically, processed foods took the largest proportion of the export at USD 52.15 million (60.5%), followed by marine products at USD 24.4 million (23.7%), dairy products at USD 7.49 million (8.7%) and others.
China turned out to be the largest importer of the locally grown products, taking up 20 percent of the entire value. Japan came right next to China (15.6%) and Thailand (15.6%), the US (12.8%) and Vietnam (8.5%) followed.
Local exporters have worked out coming up with contingency plans amid the coronavirus shock- opening virtual trade counselling sessions, unveiling cost-effective direct marketing strategies, running E- promotional events interlinked with online marketplace and co-hosting marketing services with world famous retail giants. The provincial authorities financed roughly KRW 20 million each to cover the cost.
kan@yna.co.kr
** This article was translated from Korean.
Date
2020.05.14
Views
295
According to Yonhap News,
The value of quarterly export of agricultural goods in North Jeolla Province marked USD 862.1 million, 9.1 percent up from the same period last year even in the midst of the novel virus pandemic which has swept across the world.
The figure far exceeds national average growth rate of 3 percent. Specifically, processed foods took the largest proportion of the export at USD 52.15 million (60.5%), followed by marine products at USD 24.4 million (23.7%), dairy products at USD 7.49 million (8.7%) and others.
China turned out to be the largest importer of the locally grown products, taking up 20 percent of the entire value. Japan came right next to China (15.6%) and Thailand (15.6%), the US (12.8%) and Vietnam (8.5%) followed.
Local exporters have worked out coming up with contingency plans amid the coronavirus shock- opening virtual trade counselling sessions, unveiling cost-effective direct marketing strategies, running E- promotional events interlinked with online marketplace and co-hosting marketing services with world famous retail giants. The provincial authorities financed roughly KRW 20 million each to cover the cost.
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kan@yna.co.kr
Source: Yonhap News (Apr. 28 , 2020)
** This article was translated from Korean.