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Agricultural Imports in 2004

Korea imported a total of $14.7 billion of agricultural, forestry and fishery products in 2004 according to KOTIS (Korea Trade Information Service).? By sector, imports of bulk products (corn, soybeans, wheat, cotton, etc.) and intermediate products (products that receive some processing, but are generally not yet ready for final consumption) amounted to $3.6 billion each, consumer-ready products amounted to $3.5 billion, fisheries to $2.2 billion, and forestry products to $1.8 billion.

By country, the United States was the largest supplier of agricultural products to Korea exporting $3.48 billion, down 1 percent from the previous year, mainly because of the ban on U.S. beef imports, followed by China at $2.45 billion, Australia at $1.39 billion, E.U. at $1.35 billion and Brazil at $730 million.

The largest product imported from the United States in 2004 was corn at $780 million, followed by raw hides at $380 million, soybeans at $370 million, wheat at $270 million, and cotton at $170 million.