South Korea’s exports of agriculture tractors hit a record high in 2022 by advancing 23 percent on-year, data showed, amid growing demand for small-sized models.
The value of tractors shipped overseas came to $1.24 billion in 2022, rising from $1 billion tallied a year earlier, according to the data compiled by the Korea Customs Service.
The amount also marked a sharp rise from $657 million posted in 2020, the data showed.
The customs office said the increase was driven by rising demand for compact models, reflecting the rising interest in farming as a hobby during the COVID-19 pandemic around the globe.
By destination, the US accounted for 81 percent of the exports, followed by Canada with 4 percent and Australia with 3 percent, the customs office added. (Yonhap)
