US beef exports to Korea topped $2 billion in 2024 - USMEF
Sales surged 4% year over yearBeef exports to Korea topped $2 billion for the fourth consecutive year, according to year-end data released by USDA and compiled by the US Meat Export Federation (USMEF)
Exports gained 4% year-over-year, reaching $2.22 billion. This was achieved despite a 6% drop in volume to 232,481 mt.
Political turmoil in Korea, triggered by the impeachment and arrest of embattled President Yoon Suk Yeol following his declaration of martial law in early December, hasn’t slowed consumer demand for beef.
However, the situation has further weakened Korea’s currency and dampened the economic outlook for the coming year.