U.S. Agricultural Exports to Korea Likely to Reach $6.3 Billion

U.S. agricultural exports to Korea are expected to more than double from last year as a result of the year-old free trade agreement between the two countries.

The U.S. Department of Agriculture projected that exports will reach US$6.3 billion this year, up from $2.8 billion in 2012, an all-time high.

In particular, lemon exports to Korea posted a 43 percent gain after a 30 percent reduction in tariffs.

The USDA said shipments of fruits, nuts and beef all saw brisk growth and predicted that the trend will continue.