Abstract
The global economy is slowing down significantly due to the Russia-U.S. war, rising raw material prices, and global monetary tightening, and the localization of global value chains and global supply chains is actively progressing, especially in countries that have been unstable in global supply chains due to global economic uncertainties. Against this backdrop, strengthening the agricultural base through agricultural exports needs to seek ways to strengthen competitiveness to foster agriculture as a new export industry as it can secure stable sources for major foods that are highly dependent on imports, including food resources, and can be a new opportunity to increase exports of agricultural and fishery foods. In this study, the export demand function of each major industrial group in Korea is estimated and compared with the determinants of export demand for agricultural products. As for the analysis target period, the top 10 exporting countries in Korea were set as analysis target countries for annual data from 1995 to 2022. In summary, it can be seen that factors affecting exports differ by industry group, and factors affecting the export of agricultural products are affected by the trade partner's gross domestic product, per capita gross domestic product, relative price index with trading partner, R&D investment, comparative advantage index by trading partner for specific products, and FTA signing or not.
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