2012 Seafood Products Market Brief

An Expert's View about Agriculture and Animal Husbandry in South Korea

Posted on: 27 Apr 2012

In 2011, South Korea was the fourth largest export market for American seafood products.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary Public - Date: 4/17/2012 GAIN Report Number: KS1229 Korea - Republic of Post: Seoul ATO 2012 Seafood Products Market Brief Report Categories: Fishery Products Approved By: Michael J. Fay, Director Prepared By: Sun Young Yoo, Market Promotion Specialist Report Highlights: In 2011, South Korea was the fourth largest export market for American seafood products. Korean seafood imports from all origins totaled $3.8 billion, up 24 percent from 2010 thanks to the recovering economy and increasing demand by food service industry and export business sectors. The outlook for U.S. exports remains strong and implementation of the KORUS FTA will generate even greater opportunities for U.S. seafood exporters. General Information: SECTION I: KOREAN SEAFOOD MARKET OVERVIEW In 2011, Korea?s seafood imports from all origins reached $3.83 billion, up 24 percent from $3.09 billion in 2010. The United States was the fifth largest exporter of seafood products to Korea. The largest seafood supplying country in 2011 was China at $1.17 billion, followed by Russia at $661 million, Vietnam at $477 million, Japan at $163 million, USA at $142 million, Norway at $138 million, and Thailand at $130 million. These seven countries accounted for 75 percent of Korea?s total seafood imports in 2011. Korea imported $142 million of U.S. seafood in 2011, up 26 percent from $112 million in 2010, providing the United States with 3.7 percent market share. In Korea, U.S. seafood including aquaculture is generally considered high quality, but higher in price compared to that of competing countries. Surimi, Flatfish, Monkfish, Alaska Pollack Roes, Cod, Skate, Eel, Atka Mackerel, etc. are some of the major species that are imported in large quantities from the United States. Table 3 of Section II below shows the major species imported to Korea from the United States and the world. The imports of those 34 fish species accounted for 97 percent of the total imports of fishery products from the United States in 2011. Until 2000, Korea was a net exporter of seafood. However, growing domestic demand and limited supplies have reversed the situation. In 2011, Korea exported $1.98 billion of seafood and imported about $1.85 billion more than it exported. Imports are expected to continue to outpace exports ensuring that Korea will remain an important market for U.S. seafood suppliers. SECTION II: KORUS FTA AND CUSTOMS DUTY KORUS FTA The Korea-U.S. Free Trade Agreement (KORUS FTA) implemented on March 15, 2012 is expected to deepen the longstanding economic alliance between the United States and Korea. With respect to the seafood sector, the KORUS FTA is expected to create more opportunities for U.S. seafood exporters. Customs duties for fishery products imported from the United States will be cut to zero immediately or phased out over the course of 3 to 10 years. For instance, the Customs duty for Frozen Sockeye Salmon will be cut to zero immediately. In contrast, Customs duties for U.S. trout and sea bass will be reduced to zero in 3 and 10 years, respectively. The Customs duty elimination will be prorated equally every year over the phase-out period. There are three fish species which are subject to Tariff Rate Quotas (TRQ) under the Agreement. For instance, the Customs duty is zero for imports of 4,000 metric tons of Frozen Alaska Pollack in the first year of the FTA. The quantities shall enter on a first-come, first-served basis. The duty free quantities will increase each year as shown on the table below. Table 1. Korea-United States FTA Seafood Tariff Rate Quotas (MT) Ye Flatfish/Frozen Alaska Pollack/Frozen Croaker/Frozen ar (HS 0303.39.0000) (HS 0303.79.1000) (HS 0303.79.9095) 1 1,530 4,000 1,000 2 1,652 4,360 1,050 3 1,785 4,752 1,103 4 1,927 5,180 1,158 5 2,082 5,646 1,216 6 2,248 6,154 1,276 7 2,428 6,708 1,340 8 2,642 7,312 1,407 9 2,832 7,970 1,477 10 3,058 8,688 1,551 11 3,303 9,469 1,629 12 Unlimited 10,322 unlimited 13 11,251 14 12,263 15 unlimited The industry forecasts that Korean consumers will take advantage of lower prices resulting from elimination of import duties to demand more glass eel/live, Sockeye salmon/frozen, flatfish/frozen, salad eel/live, Pollack surimi/frozen, lobsters/live, Pollack/frozen, monkfish/frozen, cod/frozen, Pollack roes/frozen, fish fillet/frozen, fish surimi/frozen and shrimps/live, fresh or chilled. For more detailed information about the results of the KORUS FTA including the tariff schedule for Korea, please visit: KORUS FTA Official Homepage in English and ATO Seoul Homepage FTA Section . Table 2. Korean Tariff Schedule for Major U.S. Fishery Products Sold to Korea Zero-Duty Descr Ba 2012 se iption H.S. Code 2012 Ra KOR-US FTA Year te Rate Pollack surimi, frozen 0304.99.9000 10% 6.6% 2014 0% Other, Flatfish, frozen 0303.39.0000 10% (TRQ 1,530 MT) 2023 10% (Above TRQ) Monkfish, fresh and 10% 9.5% 2021 frozen 0303.89.9060 Cod, frozen 0303.63.0000 10% 8% 2016 Other Roes, frozen 0303.90.2090 10% 8% 2016 Roes of Alaska Pollack, 03.90.2010 10% 8% 2016 frozen 03 Skate, frozen* 0303.82.2000 10% 10% 2021 Salad eel, live 0301.99.7000 10% 6.6% 2014 Atka mackerel, frozen 0303.89.9040 10% 9% 2021 Hagfish, frozen 0303.89.9070 10% 9% 2021 Ray, frozen 0303.82.1000 10% 9.5% 2021 Fillet, Alaska Pollack, 10% 9.5% 2021 frozen 0304.79.0000 Rock fish, frozen 0303.89.9050 10% 9.5% 2021 Adductors of shell fish 0307.99.1100 20% 19% 2021 Squid, frozen 0307.49.1020 10% 9.5% 2021 Sable fish, frozen 0303.89.1000 10% 8% 2016 Fillet, Others, frozen 0304.99.9000 10% 6.6% 2014 Fillet, Plaice, frozen 0304.83.1000 10% 9.5% 2021 Plaice, frozen 0303.32.0000 10% 9.5% 2021 Lobsters, other than 0306.22.9000 20% 16% 2016 frozen Other Crab, frozen 0306.14.1090 20% 18% 2021 Sardines, frozen 0303.53.0000 10% 8% 2016 Blue crab, frozen 0306.14.3090 20% 14% 2021 Frozen Fish Surimi 0304.99.1000 10% 6.6% 2014 Hake, frozen 0303.66.0000 10% 9% 2021 Scallops, frozen 0307.29.1000 20% 18% 2021 Anchovy, dried 0305.59.2000 20% 18% 2021 Shrimps, live, fresh or 06.26.1000 20% 13.3% 2014 chilled 03 Glass eel, live 0301.92.1000 10% 0% 2012 Fillet of cod, frozen 0304.71.0000 10% 9% 2021 King crabs, frozen 0306.14.2090 20% 13.3% 2014 0% A TRQ 4,000 MT) laska Pollack, frozen 0303.67.0000 ( 10% 2026 10% (Above TRQ) Other Crabs, live, fresh or 306.24.1090 20% 18% 2021 chilled 0 Sockeye salmon, frozen 0303.11.0000 10% 0% 2012 Source: Korea Customs and Trade Development Institute, Tariff Schedule of Korea, 2012 Negotiated customs duties on certain seafood products under the KORUS FTA are higher than the current MFN applied base rate, which Korea lowered after the trade agreement was negotiated. However, the MFN applied rate will be used when it is lower than the KORUS duty. The KORUS duty will take effect when it is lower than the MFN rate. Table 19 below shows an example of how this will work in practice; yellow highlights show applicable duties. Table 3. KORUS FTA Tariff Schedule Applied to Frozen Skate Products Product Base Rate 2012 2013 2014 2015 2016 2017 201 201 202 202 8 9 0 1 Fish, Frozen, of Curre 10 10 the families nt 10% 10% 10% 10% 10% 10% 10% 10 10 % % % % Bregmacerotida e ? Skates KORU 27.0 24.3 21.6 18.9 16.2 13.5 10.8 8.1 5.4 2.7 0.0 (HS0303.82.20 S % % % % % % % % % % % 00) SECTION III: SUPPY, DEMAND AND MARKET OPPORTUNITIES Supply In 2010, Korean seafood production decreased to 3.11 million metric tons, down 2.2 percent from 3.18 million metric tons in 2009. Production from adjacent waters decreased 7.6 percent and production from shallow-sea aquaculture increased 4.4 percent from the previous year. However, the total seafood production value increased 7.2 percent thanks to the increased catch of anchovies in adjacent waters, growing price of squid, and additional catch quota for tuna acquired in Russian waters. It is expected that Korean domestic fish production will not increase significantly in the future due to reductions in fish resources in adjacent waters and the enforcement of Exclusive Economic Zones by Korea's neighboring countries. The number of fishing vessels has been steadily decreased reflecting the reduction in fishery resources. To cope with this situation, the Korean government has accelerated the downsizing of the Korean fishing fleet and plans to reduce it further over the next several years. Recognizing the potential economic impact of this step and the reduction in fishery agreements, the Korean government is undertaking an in-depth study of aquaculture and researching how to secure higher fish catch quotas in foreign waters and is working hard to purchase fish quotas from other countries, including Russia. The Korean government is also focusing on aquaculture in shallow sea areas to cope with the shortage of fishery resources in the adjacent water and restrictions in neighboring countries? waters. Shallow sea aquaculture is expected to continue to increase in the future due to more intense restrictions on fresh water aquaculture and expectations of continuing reductions in wild catches in the future. To insulate select domestic seafood producers from imported products (mainly from China), the Korean government has set higher ?adjustment tariffs? ranging from 22 to 50 percent for nine fish species which are not subject to tariff bindings under WTO agreements. Prior to implementation of the adjustment tariffs, imports of these nine species were subject to tariffs ranging from 10 to 20 percent. The Ministry of Food, Agriculture, Forestry and Fisheries (MIFAFF) established 436,530 metric tons as the Total Allowable Catch (TAC) for 2012 of eleven species as shown on Table 20 below. There are further restrictions such as limited catch seasons for some species as well as restrictions on the number of fishing boats and fishing methods. Table 4. Korean Total Allowable Catch (MT) Species 2008 2009 2010 2011 2012 Mackerels 159,000 159,000 169,000 160,000 160,000 Jack mackerels 21,000 18,000 20,000 21,000 21,000 Red snow crabs 27,700 29,000 31,000 32,000 38,000 Snow crabs 1,500 1,400 1,300 1,620 1,500 Purplish Washington clams 3,200 1,700 2,100 2,400 2,400 Pen shells 3,200 3,100 2,700 2,700 6,400 Horned turban 1,400 1,320 1,500 2,570 1,300 Blue crabs 5,590 5,730 8,000 13,200 14,900 Squid 166,000 185,000 180,000 188,100 189,000 Sailfin sandfish - 1,500 1,500 1,500 1,830 Mottled Skate - 140 200 230 200 Total 393,590 405,890 417,300 425,320 436,530 Source: MIFAFF, Resource & Environment Division Constraints built into bilateral and multilateral fishing accords will further impact total harvest. The harvest from adjacent waters fisheries consists primarily of squid, mackerel, corvina, hairtail and anchovy. Government efforts to boost aquaculture production in the shallow sea areas clearly indicate the importance of this sector as a future seafood resource. Table 5. Korean Seafood Production by Waters (1,000 MT) Year Total Adjacent Waters Shallow Sea Aquaculture Distant Waters Inland Waters 2005 2,714 1,097 1,041 552 24 2006 3,032 1,109 1,259 639 25 2007 3,275 1,152 1,386 710 27 2008 3,363 1,286 1,382 666 29 2009 3,182 1,227 1,313 612 30 2010 3,112 1,134 1,355 592 31 Source: MIFAFF Major Statistics Booklet 2011 Table 6. Korean Seafood Production by Products (1,000 M/T) Ye hell Other aquatic ar Total Fishe Ss lusks weed fish Crustacean Mol anima Seals 2005 2,714 1,265 409 92 295 16 636 2006 3,032 1,261 474 110 392 17 778 2007 3,275 1,330 555 124 432 23 811 2008 3,363 1,448 429 126 402 23 935 2009 3,182 1,425 421 133 312 24 870 2010 3,112 1,331 440 147 256 23 915 Source: MIFAFF Major Statistics Booklet 2011 Table 7. Korean Production of Processed Seafood Year Production (Ton) Value ($Million) 2003 1,357,717 1,548 2004 1,528,753 1,925 2005 1,559,201 1,912 2006 1,546,784 2,633 2007 1,384,000 7,051 2008 1,766,528 4,849 2009 1,898,135 5,398 2010 1,815,286 7,461 Source: MIFAFF Major Statistics Booklet 2011 Demand Korean consumers place high value on freshness, place of origin, taste, low cost, and food safety in the course of making seafood purchasing decisions. Overall performance of the Korean seafood market will depend greatly on production and consumption. Due to the shortage of ocean resources, seafood production is not expected to increase in the near future. Despite this, consumption of seafood continues to grow as consumers view seafood as a healthy source of protein. Price, quality and timeliness are the most important factors affecting U.S. trade. U.S. fish are generally considered to be high quality and, in turn, more expensive than other countries products. Fortunately, the major species imported from the United States are species that Koreans enjoy and that other suppliers do not supply in large quantities. According to the Food Industry Statistics System of aT Center, the monthly average household expenditure on fishery products was $34 in 2009. The Korea Rural Economic Institute reported that annual per capita seafood consumption in Korea was 54.7 Kg (fishery products and shellfish = 42.2 kg and seaweed = 12.5 kg) in 2010. The major fish species that Koreans consumed are Alaska Pollack, squid, mackerel, hairtail and yellow corvina. The success of Korean industry efforts to change consumer perceptions of fish (as a healthy alternative to red meat), to diversify fish products, to improve quality, and to develop processing technology will be key in expanding domestic demand. Thanks to increased income and improved standards of living, seafood family restaurants are growing in popularity in Korea. They are expanding their business due to good business environment. Todai, Seafood Ocean, Bono-Bono, Marisco, Ocean Star, Ocean Family, and Muscus are popular seafood family restaurants. These restaurants are using imported seafood as well as locally produced seafood. Koreans eat fish in various states: fresh fish, chilled fish and lastly, frozen fish in the order of preference. Some fish are consumed raw (?Hoi?, or ?Sashimi?), and commands a price premium. Korean consumers assume fresh fish tastes better than frozen fish after cooking. Accordingly, fresh or chilled fish tend to be substantially more expensive than frozen fish. As more and more women are working outside the home, the demand for convenience food has increased. Korean consumers are more attracted to precooked, prepared and preserved food available at supermarkets. Hotels generally use high quality seafood for which they charge a higher price. However, the institutional feeding and food service sector generally uses cheaper food ingredients to reduce cost as much as possible to cope with the fierce competition in the sector. Table 8. Korean Seafood Demand and Supply (Unit: 1,000 tons) Tota Demand Total Supply Self- l Local Export Carry Productio Import Inventor sufficienc consumptio s -over n s y y rate n 200 4,169 1,121 512 5,80 2,714 2,557 531 65.1% 5 2 200 4,568 1,047 575 6,19 3,032 2,646 512 66.4% 6 0 200 4,625 1,211 618 6,45 3,275 2,604 575 70.8% 7 4 200 4,280 1,266 567 6,11 3,360 2,135 618 78.5% 8 3 200 4,071 1,336 528 5,93 3,182 2,186 567 78.2% 9 5 201 3,639 1,751 603 5,99 3,126 2,339 528 85.9% 0 3 Source: Korea Fisheries Association, Korean Fisheries Yearbook 2011 Table 9. Korean Per Capita Consumption of Seafood Products (Kg) Product Category 2005 2006 2007 2008 2009 2010 Fish and Shell fish 39.9 43.5 42.1 39.1 35.4 42.2 Seaweed 9.6 13.0 14.4 15.8 14.4 12.5 Total (kg/year) 49.5 56.5 56.5 54.9 49.8 54.7 Source: Korea Fisheries Association, Korean Fisheries Yearbook 2011 Competitors Seafood is imported into Korea from about 100 different countries. Major suppliers of fishery products to Korea include China, Russia, Vietnam, Japan, the United States, Norway, Thailand, Taiwan, Chile, and Hong Kong. In 2011, the top ten supplying countries accounted for about 83 percent of total Korean seafood imports on a value basis. China continued to be the largest supplier, followed by Russia and Vietnam. A dozen supplying countries including China, Russia, Japan, Norway, Thailand, Chile, Canada, Indonesia, etc. are some of our competitors that participate in the Busan International Seafood & Fisheries Expo annually. These competitors exhibit a wide variety of seafood products targeting importers, wholesalers, distributors, retailers, hotels, restaurants and food processors. Marketing Imports of seafood are relatively straight-forward compared to other food and agricultural products. Importers import fishery products, and generally sell to hotels and food service industry directly, and/or to distributors who sell to traditional markets and restaurants. When the volume is large, importers generally sell to retailers such as supermarkets, discount stores and department stores directly. When the volume is small, importers sell to distributors who sell to retailers. Accordingly, U.S. suppliers should contact seafood importers to sell their fishery products to Korea. Consumers like to purchase the species that they are accustomed to, and importers tend to import the species consumers are demanding. As mentioned earlier, imports of only 34 species accounted for almost 97 percent of total seafood imports from the United States to Korea in 2011. This means that U.S. exporters should supply the species consumers prefer, and at the same time should also try to invest in building demand for other species with which consumers currently lack familiarity. Possible sources of market information include Korean importers, U.S. state departments of agriculture, the USATO website (www.atoseoul.com) and the U.S. Department of Commerce. Lists of Korean importers, by species, can be obtained from the U.S. Agricultural Trade Office, or through the Foreign Agricultural Service in Washington, D.C. One way of finding potential importers while also assessing market potential is to participate in local food shows to showcase your products to a larger audience. Many Korean importers attending these shows are looking to establish reliable long-term trading relationships. Show participation enhances initial contacts with importers, agents, wholesalers, distributors, retailers and others in the food and beverage industry. Seoul Seafood Show (3S) 2012 will be held in Seoul at COEX, April 19-21, 2012. Sponsored by the Ministry for Food, Agriculture, Forestry and Fisheries (MIFAFF) of Korea, this is the only show held in Seoul specializing in seafood, fishery, nursery, aquaculture, processing machinery and related equipment. This show is held in April every year and targets seafood buyers, users, fishing businessmen and traders. The 2012 show will be attended by NOAA Japan office. Check the official website of the show (www.seoulseafood.com) for further details. Busan International Seafood & Fisheries Expo (BIFSE) 2012 will be held in Busan at BEXCO convention center, November 15-17, 2012. It offers an excellent opportunity to explore possible market opportunities in Korea. This show is held in November every year and targets importers, wholesalers, distributors, retailers, hotels, restaurants, food processors, media, etc. Currently it is the only seafood show held in Korea attended by ATO Seoul. ATO Seoul has been participating in this show for 9 years, in cooperation with SRTGs such as SUSTA and Food Export USA Northeast. Check BISFE?s official website (www.bisfe.com) for detailed information on the show. SECTION IV: FURTHER INFORMATION AND KEY CONTACTS For further information on how you can enter the Korean market for imported food products: ATO Seoul uses the USDA?s Global Agriculture Information Network (GAIN) system to provide stakeholders with market knowledge on Korean food trade. Exporters who want to find most recent copy of the annual Exporter Guide on Korean market can access the GAIN and review the report at: 2011 Annual Exporter Guide Report by ATO Seoul . For more information on how you can register for USDA/FAS? Supplier List: The United States Department of Agriculture?s Foreign Agricultural Service (USDA/FAS) offers information and services that can be beneficial to both new and experienced exporters. For example, ATO Seoul uses the U.S. Suppliers List (USL) to provide Korean importers with lists of prospective suppliers. The USL is a searchable database of more than 3,800 U.S. exporters and their products. The database features more than 500 agricultural product categories under which companies can list their offerings. Buyers who wish to find U.S. suppliers and U.S. exporters who wish to register in the USL can access the USL at: USDA FAS U.S. Supplier List . For any further information about Korean market, please contact: U.S. Agricultural Trade Office (ATO) Local address: Rm 303, Leema B/D, 146-1, Susong-dong, Jongro-gu, Seoul, Korea 110-755 U.S. mailing address: ATO, U.S. Embassy - Seoul, Unit #15550, APO, AP 96205-5550 Phone: 82-2-397-4188 Fax: 82-2-720-7921 E-mail: atoseoul@fas.usda.gov Home Page: www.atoseoul.com SECTION V: TRADE STATISTICAL APPENDIX Table 10. Korea?s Total Seafood Imports by Year ($million) Year From World From USA 2006 2,664 140 2007 2,954 132 2008 2,847 129 2009 2,604 113 2010 3,091 113 2011 3,833 142 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 10-1. Korean Seafood Imports from Major Countries ($million) Reporting Country: Import Korea, Republic of Top 15 2009 2010 2011 Ranking China 811 1,038 1,174 Russia 435 494 661 Vietnam 299 371 477 Japan 192 223 163 United States 113 113 142 Norway 69 96 138 Thailand 83 98 130 Taiwan 88 96 128 Chile 41 36 105 Hong Kong 16 56 80 Canada 40 47 63 Indonesia 60 58 60 Malaysia 33 46 56 Argentina 21 21 24 India 21 17 24 Others 282 281 408 Total 2,604 3,091 3,833 Source: GTA (http://www.gtis.com/gta/usda/) Table 11. Korea?s Total Seafood Exports by Year ($million) Year To World To USA 2006 917 67 2007 1,060 74 2008 1,256 86 2009 1,326 101 2010 1,567 106 2011 1,982 130 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 11-1. Korean Seafood Exports to Major Countries ($million) Reporting Country: Import Korea, Republic of Top 9 2009 2010 2011 Ranking Japan 501 758 835 China 148 212 433 Thailand 113 106 151 United States 101 106 130 New Zealand 67 71 92 Spain 36 55 55 Vietnam 17 21 52 Hong Kong 11 26 28 Canada 5 10 11 Others 327 202 195 Total 1,326 1,567 1,982 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 12. Major Fish Imported to Korea from USA in 2011 ($1,000) Fi From From U.S. Market sh Species HS Code Number USA World Share Pollack surimi, frozen 0304.99.1010 34,403 156,435 22.0% Other, Flatfish, frozen 0303.39.0000 19,187 65,464 29.3% Monkfish, fresh and 13.8% frozen 0303.79.9091 13,777 99,673 Cod, frozen 0303.52.0000 9,228 60,033 15.4% Other Roes, frozen 0303.80.2090 8,574 28,686 29.9% Roes of Alaska Pollack, 10.2% frozen 0303.80.2010 8,559 83,792 Skate, frozen 0303.79.9093 7,843 37,609 20.9% Salad eel, live 0301.99.7000 6,501 13,123 49.5% Atka mackerel, frozen 0303.79.9060 5,370 37,039 14.5% Hagfish, frozen 0303.79.9092 4,677 10,209 45.8% Ray, frozen 0303.79.9096 3,297 21,849 15.1% Fillet, Alaska Pollack, 5.3% frozen 0304.29.1000 2,380 44,505 Rock fish, frozen 0303.79.9070 2,214 15,566 14.2% Adductors of shell fish 0307.99.1140 1,299 8,238 15.8% Squid, frozen 0307.49.1020 1,175 70,063 1.7% Sable fish, frozen 0303.79.2000 1,156 1,171 98.7% Fillet, Others, frozen 0304.29.9000 897 35,609 2.5% Fillet, Plaice, frozen 0304.29.4000 864 1,445 59.8% Plaice, frozen 0303.32.0000 840 1,304 64.4% Lobsters, other than frozen 0306.22.0000 771 17,174 4.5% Other Crab, frozen 0306.14.9000 516 59,705 0.9% Sardines, frozen 0303.71.0000 445 9,304 4.8% Blue crab, frozen 0306.14.3000 408 36,436 1.1% Frozen Fish Surimi 0304.99.9010 404 156,435 0.3% Hake, frozen 0303.78.0000 347 803 43.2% Scallops, frozen 0307.29.1000 339 14,479 2.3% Anchovy, dried 0305.59.2000 294 4,068 7.2% Shrimps, live, fresh or 6.1% chilled 0306.23.1000 285 4,695 Glass eel, live 0301.92.1000 234 81,643 0.3% Fillet of cod, frozen 0304.29.3000 221 962 23.0% King crabs, frozen 0306.14.2000 192 8,825 2.2% Alaska Pollack, frozen 0303.79.1000 189 249,211 0.1% Other Crabs, live, fresh or 0.4% chilled 0306.24.1090 188 43,437 Sockeye salmon, frozen 0303.11.0000 175 311 56.3% Total 137,249 1,479,301 9.3% Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 13. Korean Imports of Fish Roes, Urchin Roes, Caviar and Livers by Country of Origin (MT) 2010 2011 USA 4,770 USA 6,320 RUSSIA 12,319 RUSSIA 15,443 NEW ZEALAND 470 NEW ZEALAND 463 ICELAND 156 ICELAND 360 CHINA 384 CHINA 164 OTHERS 151 OTHERS 314 TOTAL 18,250 TOTAL 23,064 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 14. Korean Imports of Fish Roes, Urchin Roes, Caviar and Liver by HS Code (MT) Sp 2011 ecies H.S. 2010 Code World U.S.A World U.S.A. Livers, frozen 0303.80.1000 323 3 146 2 Roes/AK Pollack, frozen 0303.80.2010 6,979 1,611 10,162 2,195 Other Roes, Frozen 0303.80.2090 10,789 3,156 12,744 4,123 Livers/Roes/Other Various 159 - 12 - Total 18,250 4,770 23,064 6,320 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 15. Korean Imports of Flatfish by Country of Origin (MT) 2010 2011 USA 5,386 USA 11,131 RUSSIA 9,465 RUSSIA 10,460 GUINEA 1,738 GUINEA 1,925 CHINA 1,199 CHINA 1,782 SPAIN 913 SPAIN 367 SENEGAL 228 SENEGAL 307 OTHERS 446 OTHERS 490 TOTAL 19,375 TOTAL 26,462 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 16. Korean Imports of Flatfish by HS Code (MT) Sp 2010 2011 ecies H.S. Code World U.S.A World U.S.A. Flat Fish, Live / Plaice, 0301.99.8000 / Fresh 0302.22 4 - 5 - .0000 Halibut, Frozen 0303.31.0000 1,325 6 1,041 11 Plaice, Frozen 0303.32.0000 2,868 11 699 517 Sole, Frozen 0303.33.0000 164 - 262 - Others, Frozen 0303.39.0000 15,014 5,369 24,455 10,603 Total 19,375 5,386 26,462 11,131 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 17. Korean Imports of Ground Fish by Country of Origin (MT) 2010 2011 USA 6,386 USA 6,035 RUSSIA 213,799 RUSSIA 234,586 JAPAN 31,734 JAPAN 14,048 CHINA 3,487 CHINA 3,518 OTHERS 4,624 OTHERS 5,812 TOTAL 260,030 TOTAL 263,999 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 18. Korean Import of Ground Fish by HS Code (MT) Sp 1 ecies H.S. Co 2010 201de World U.S.A World U.S.A. Cod, Fresh 0302.50.0000 949 5 817 30 Alaska Pollack, Fresh 0302.69.1000 15,998 - 9,191 13 Cod, Frozen 0303.52.0000 15,860 4,080 22,890 4,586 Hake, Frozen 0303.78.0000 89 56 563 230 Alaska Pollack 0303.79.1000 214,401 313 217,090 167 Rockfish (ocean perch) 0303.79.9070 8,182 1,932 7,947 1,009 Alaska Pollack, Dried 0305.59.3000 4,551 - 5,501 - Total 260,030 6,386 263,999 6,035 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 19. Korean Imports of Fillet/Surimi by Country of Origin (MT) 2010 2011 USA 13,513 USA 13,297 VIETNAM 46,170 VIETNAM 51,919 CHINA 46,068 CHINA 38,017 RUSSIA 18,991 RUSSIA 15,568 INDONESIA 6,601 INDONESIA 6,573 THAILAND 3,621 THAILAND 3,214 TAIWAN 2,237 TAIWAN 2,311 NORWAY 857 NORWAY 1,725 OTHERS 11,112 OTHERS 11,460 TOTAL 149,170 TOTAL 144,084 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 20. Korean Imports of Fillet/Surimi by HS Code (MT) Sp 2010 2011 ecies H.S. Code World U.S.A World U.S.A. Fillet of Alaska Pollack/frozen 0304.29.1000 19,766 1,049 16,289 790 Fillet of Cod/frozen 0304.29.3000 266 - 198 29 Fillet of Plaice/frozen 0304.29.4000 662 469 483 343 Fillet of Other Fish/frozen 0304.29.9000 6,279 245 6,799 183 Surimi of Alaska Pollack/frozen 0304.99.1010 12,110 11,317 12,379 11,781 Other type of fish meat of Alaska Po 0304.99.1090 528 23 236 25 llack/frozen Surimi of other fish/frozen 0304.99.9010 102,797 403 100,045 146 Other type of fish meat of other s 6,762 7 7,655 - fish/fresh or chilled, frozen Variou Total 149,170 13,513 144,084 13,297 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 21. Korean Imports of Crustaceans by Country of Origin (MT) 2010 2011 USA 248 USA 295 CHINA 39,126 CHINA 45,440 VIETNAM 14,441 VIETNAM 14,696 RUSSIA 5,524 RUSSIA 6,473 THAILAND 8,427 THAILAND 7,436 MALAYSIA 8,270 MALAYSIA 8,367 CANADA 1,834 CANADA 1,812 JAPAN 3,714 JAPAN 1,824 OTHERS 10,334 OTHERS 11,575 TOTAL 91,918 TOTAL 97,918 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 22. Korean Imports of Crustaceans by HS Code (MT) Sp 011 ecies H.S. 2010 2 Code World U.S.A World U.S.A. Frozen lobsters (Homarus spp.) 0306.12.0000 325 4 215 1 Frozen peeled shrimps and prawns 0306.13.1000 17,435 - 19,914 - Frozen other type of shrimps and prawns 0306.13.9000 22,875 18 23,224 1 Frozen crab meat 0306.14.1000 22 1 13 1 Frozen king crabs 0306.14.2000 408 3 418 1 Frozen blue crabs 0306.14.3000 14,374 161 11,809 113 Frozen other type of crabs 0306.14.9000 9,393 10 10,155 120 Not frozen lobsters (Homarus spp.) 0306.22.0000 856 44 915 44 Live, fresh or chilled shrimps and prawns 0306.23.1000 440 1 335 - Salted or in brine shrimps and prawns 0306.23.3000 14,561 - 19,525 - Live, fresh or chilled snow crab 0306.24.1020 3,497 6 3,546 14 Frozen rock lobster, other sea crawfish, d Various 7,732 - 7,849 - ried shrimps, crabs, etc. Total 91,918 248 97,918 295 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 23. Korean Imports of Molluscs by Country of Origin (MT) 2010 2011 USA 605 USA 1,012 CHINA 100,449 CHINA 129,814 VIETNAM 32,996 VIETNAM 32,843 CHILE 6,743 CHILE 27,703 THAILAND 5,927 THAILAND 7,307 INDONESIA 3,269 INDONESIA 4,124 JAPAN 11,855 JAPAN 4,104 RUSSIA 1,657 RUSSIA 1,873 PERU 10,806 PERU 10,510 OTHERS 7,083 OTHERS 5,601 TOTAL 181,390 TOTAL 224,891 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 24. Korean Imports of Molluscs by HS Code (MT) Species H.S. Co 2010 2011 de World U.S.A World U.S.A. Scallops 0307.2X.XXXX 8,135 9 10,639 16 Cuttle Fish 0307.4X.XXXX 31,770 520 48,416 806 Octopus 0307.5X.XXXX 75,322 - 75,283 7 Hard clams, abalones, top shells, pearl oyster, ark shells, cockles, adductors of shell fish, sea urchins, 0307.9X.XXXX 66,094 76 90,386 183 sea cucumbers, hen clams, baby clams, jelly fish Oysters, mussels Various 69 - 169 - Total 181,390 605 224,893 1,012 Source: www.kita.net Korea?s Trade Statistics Database for 2011 Table 25. Korean Tariff Schedule for Fishery Products 2012 Description H.S. Code Base Rate Live Fish, Ornamental, Other Live 0301.XX.XXXX except 10% 0301.92.1000 and 0301.99.4010 Live Fish, Other, Eels, Glass Eel (for aquaculture), Sea Bream Fry (for 0301.92.1000 and 0301.99.4010 0% aquaculture) Fish, Fresh or Chilled 0302.XX.XXXX 20% Fish, Frozen 0303.XX.XXXX 10% Fish Fillets and Other Fish Meat - Fresh or Chilled Fillets of Tilapias, Catfish, Pacific 0304.3X.XXXX, 0304.4X.XXXX, Salmon, Trout, Flat Fish, Swordfish, 0304.5X.XXXX 20% Toothfish, and Other Fish Fish Fillets and Other Fish Meat - Frozen Fillets of Tilapias, Catfish, Cod, Haddock, Co 0304.6X.XXXX, 0304.7X.XXXX, alfish, Hake, Alaska Pollack, Pacific Sa 0304.8X.XXXX, 0304.9X.XXXX 10% lmon, Trout, Flat Fish, Swordfish, Toothfish, Herrings, Tunas and Other Fish Fish, Dried, Salted or in Brine, Smoked Fish, whether or not cooked before or during the smoking process, Flours, Meals 0305.XX.XXXX 20% and Pellets of Fish, Fit for Human Consumption Crustaceans, whether in shell or not, Live, Fresh, Chilled, Frozen, Dried, Salted or in Brine, Smoked Crustaceans, whether or not cooked before or during the smoking process, Crustaceans, in shell or not, Cooked 0306.XX.XXXX 10% by Steam ing or by Boiling in Water, whether or not chilled, Frozen, Dried, Salted in Brine, Flours, Meals and Pellets of Crustaceans, Fit for Human Consumption Molluscs, whether in shell or not, Live, Fresh, Chilled, Frozen, Dried, Salted or in Br 0307.1X.XXXX, 0307.2X.XXXX, ine, Smoked Molluscs, whether in shell or n 0307.3X.XXXX , 0307.49.40XX, ot, whether or not cooked before or during 0307.5X.XXXX except the smoking process, Flours, Meals and 0307.11.1010, 0307.11.1090, 20% Pellets of Molluscs, Fit for Human Con 0307.41.XXXX, 0307.49.10XX, sumption ? Oysters, Scallops, Mussels, Sm 0307.49.2000, 0307.49.3000, oked Cuttle Fish and Squid, Octopus, Sn 0307.71.2010 and 0307.91.2010 ails, Clams, Cockles, Ark Shells, Avalone, Top Shells and Adductors of Shell Fish Molluscs, whether in shell or not, Live, Fresh, Chilled, Frozen, Dried, Salted or in Brine, Smoked Molluscs, whether in shell or not, whether or not cooked before or during 0307.11.1010, 0307.71.2010, the smoking process, Flours, Meals and 0307 % .91.2010 0 Pellets of Molluscs, Fit for Human Consumption - Live, Fresh or Chilled Oyster Spat , Ark Shell and Pearl Oyster for Seed Molluscs, whether in shell or not, Live, Fresh, Chilled, Frozen, Dried, Salted or in Brine, Smoked Molluscs, whether in shell or 0307.11.1090 5% not, whether or not cooked before or during the smoking process, Flours, Meals and Pellets of Molluscs, Fit for Human Consumption - Live, Fresh or Chilled Oyster Spat Other Molluscs, whether in shell or not, Live, Fresh, Chilled, Frozen, Dried, Salted or in Brine, Smoked Molluscs, whether in shell or n 0307.41.XXXX, 0307.49.10XX, ot, whether or not cooked before or during 0307.49.2000, 0307 .49.3000 10% the smoking process, Flours, Meals and Pellets of Molluscs, Fit for Human Consumption ? Cuttle Fish, Squid Aquatic Invertebrates Other Than Crustaceans and Molluscs, Live, Fresh, Chilled, Frozen, Dried, Salted or in Brine, Smoked Aquatic Invertebrates Other Than Crustaceans and Molluscs, whether or not 0308.XX.XXXX except cooked before or during the smoking 0308.90.1011 20% process, Flours, Meals and Pellets of Aquatic Invertebrates Other Than Crustaceans and Molluscs, Fit for Human Consumption ? Sea Cucumber, Sea Urchins, Jellyfish and Other Aquatic Invertebrates Other Than Crustaceans and Molluscs, Live, Fresh, Chilled, Frozen, Dried, Salted or in Brine, Smoked Aquatic Invertebrates Other Than Crustaceans and Molluscs, whether or not 0308.90.1011 0% cooked before or during the smoking process, Flours, Meals and Pellets of Aquatic Invertebrates Other Than Crustaceans and Molluscs, Fit for Human Consumption ? Live, Fresh or Chilled Sea-Squirts for Seed Extracts and Juices of Fish or Crustaceans, Molluscs or Other Aquatic 1603.00.3000 and 1603.00.4000 30% Invertebrates Prepared or Preserved Fish, Caviar and Substitutes Prepared from Fish Eggs ? Salmon, Herrings, Sardines, Tunas, Mack 1604.XX.XXXX 20% erel, Anchovies, Eels, Saury, Jerk Filefish, Fish Pastes, Fish Marinade, Fish Cake, Caviar and Caviar Substitutes Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved ? Crab, Shrimps and Prawns, Lobster, Oysters, Scallops, Mussels, Cuttle 1605.XX.XXXX 20% Fish, Squid, Octopus, Clams, Abalone, Snails, Sea Cucumber, Sea Urchins, Jellyfish and Other Fish Source: Korea Customs and Trade Development Institute, Tariff Schedule of Korea, 2012
Posted: 27 April 2012

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