Analysis of Factors Determining Korea's Agricultural Export Competitiveness: A Focus on the Panel Spatial Gravity Model

This study analyzes the determinants of Korea's agricultural export competitiveness using a panel spatial gravity model. With K-Food exports reaching approximately USD 13 billion in 2023, the research highlights key factors for strengthening Korea's agricultural export competitiveness and provides strategic directions as a foundation for the medium- and long-term development of Korea's agricultural exports. Historically, agricultural exports accounted for a small proportion of Korea's total exports. However, the remarkable growth of agricultural exports today, alongside the emergence of K-Food, can be attributed to the cumulative experience and strategies employed in the past. This underscores the importance of maintaining a strong foothold in traditionally established markets while actively leveraging the concept of K-Food, which integrates agricultural products with K-Culture, rather than viewing agricultural exports solely as the trade of raw goods.\n\nBased on the findings derived from the analysis of Korea's agricultural export competitiveness using the panel spatial gravity model, the study presents the following recommendations. First, strategies for sustaining and expanding markets should be developed by utilizing historical export data. Second, logistics networks must be strengthened to overcome physical and infrastructural barriers. Third, mutually complementary trade relations should be established, reflecting regional cooperation and spatial dynamics. By adopting these approaches, Korea can respond effectively to the evolving demands of the international market and solidify its position as a leading powerhouse in agricultural exports.