Data as of October 15, 2026: Korea Customs Service import data through September 2026, via SEACHING. Tariffs and import rules checked October 15, 2026. Updated quarterly.
Korea’s squid imports reached US$449.7 million in Jan–Sep 2026, or 131,330 tonnes, according to SEACHING’s analysis of Korea Customs Service data. Volume rose 1.8% from a year earlier, but value fell 21.8% as prices dropped. China supplied 35.0% of the value, Peru 25.7% and Vietnam 14.2%.
| Korea’s squid imports at a glance | Jan–Sep 2026 |
|---|
| Size | US$449.7 million, 131,330 tonnes, 10.2% of Korea’s seafood imports |
| Top origins (share of value) | China 35.0% · Peru 25.7% · Vietnam 14.2% · Chile 7.3% · Ecuador 3.4% |
| Customs price per kg | All squid US$3.42 · frozen “other” squid US$2.49 · other prepared squid US$4.26 · seasoned squid US$5.69 · frozen cuttlefish US$7.81 |
| Main HS codes | 0307.43.2090 · 1605.54.2099 · 1605.54.2091 · 0307.43.1090 · 0307.43.2010 |
| Duty, 2026 (frozen “other” squid) | Adjustment tariff 22% without an FTA rate · Peru, Chile, US, Vietnam 0% · ASEAN 5% · China 8% |
| Korea’s own catch | Coastal squid 31,006 t in 2025, after a record low of 13,568 t in 2024 |
| Source | SEACHING analysis of Korea Customs Service data; Ministry of Oceans and Fisheries; Korea Customs Service 2026 tariff schedule |
Prices are customs values (CIF) per kg, not wholesale prices.
Key takeaways
- Korea imported US$449.7 million of squid and cuttlefish in Jan–Sep 2026, down 21.8% from Jan–Sep 2025, while volume rose 1.8% to 131,330 tonnes (SEACHING analysis of Korea Customs Service data).
- Peru’s frozen squid cleared Korean customs at US$2.15 per kg in Jan–Sep 2026, down from US$3.34 a year earlier, while its volume rose 74.2% (SEACHING analysis of Korea Customs Service data).
- Squid caught by Korean vessels on the high seas counts as Korean goods under Article 2 of Korea’s Customs Act, so 52,122 tonnes of Korean distant-water squid in 2025 do not appear in import statistics (as of October 2026).
- Under Korea’s 2026 tariff schedule, frozen “other” squid (HSK 0307.43.2090) pays a 22% adjustment tariff unless an FTA rate applies: 0% for Peru and Chile, 8% for China (checked October 15, 2026).
How much squid does Korea import, and from where?
China and Peru supply three-fifths of Korea’s squid imports, and four origins supply 82.2%. In Jan–Sep 2026, Korea imported US$157.3 million of squid from China and US$115.6 million from Peru. SEACHING, a Korea seafood trade data platform operated by LINKSUP, Inc. in Busan, compiles these figures from Korea Customs Service (KCS) data.
In this guide, squid means squid and cuttlefish under HS 0307.42 (live, fresh or chilled), 0307.43 (frozen), 0307.49 (dried, salted or smoked) and 1605.54 (prepared or preserved). Korea’s seafood imports here means HS chapter 03 plus prepared fish and crustaceans (HS 1603–1605); seaweed and salt are excluded.
| Origin | Value, Jan–Sep 2026 | Share of value | Volume | US$/kg | Value vs Jan–Sep 2025 | Volume vs Jan–Sep 2025 |
|---|
| China | US$157.3M | 35.0% | 44,825 t | 3.51 | −15.8% | −1.6% |
| Peru | US$115.6M | 25.7% | 40,255 t | 2.87 | −19.6% | +46.3% |
| Vietnam | US$63.9M | 14.2% | 6,061 t | 10.54 | +11.6% | +3.7% |
| Chile | US$33.0M | 7.3% | 17,232 t | 1.91 | −48.2% | +6.2% |
| Ecuador | US$15.5M | 3.4% | 10,042 t | 1.54 | −0.4% | +35.9% |
| Argentina | US$13.9M | 3.1% | 3,062 t | 4.54 | −27.2% | −32.4% |
| Spain | US$10.3M | 2.3% | 2,393 t | 4.32 | +28.8% | +29.9% |
| Taiwan | US$8.6M | 1.9% | 1,508 t | 5.72 | −66.2% | −72.6% |
| Indonesia | US$6.2M | 1.4% | 906 t | 6.88 | −10.8% | −25.2% |
| Thailand | US$6.1M | 1.4% | 651 t | 9.34 | −12.2% | −13.8% |
| All origins | US$449.7M | 100% | 131,330 t | 3.42 | −21.8% | +1.8% |
Source: SEACHING analysis of Korea Customs Service data, Jan–Sep 2026 vs Jan–Sep 2025, imports, squid HS codes listed above.
Squid was Korea’s largest seafood import group in Jan–Sep 2025 and fell to second place, behind shrimp, in Jan–Sep 2026 (see the ranking of Korea’s top seafood imports). In July–September 2026 alone it fell 31.5%, as the Q3 2026 import report shows.
How have the origins changed over three years?
Peru’s share swung the most. It held 15.2% of Korea’s squid import value in 2024, 26.4% in 2025 and 25.7% in Jan–Sep 2026. China’s share went the other way, from 46.2% in 2024 to 35.0%.
| Share of Korea’s squid import value | 2024 | 2025 | Jan–Sep 2025 | Jan–Sep 2026 |
|---|
| China | 46.2% | 32.4% | 32.5% | 35.0% |
| Peru | 15.2% | 26.4% | 25.0% | 25.7% |
| Vietnam | 12.9% | 10.8% | 10.0% | 14.2% |
| Chile | 6.3% | 9.1% | 11.1% | 7.3% |
| Ecuador | 0.0% | 3.6% | 2.7% | 3.4% |
| Argentina | 4.7% | 3.5% | 3.3% | 3.1% |
| Taiwan | 4.3% | 3.7% | 4.4% | 1.9% |
Source: SEACHING analysis of Korea Customs Service data. The 2024 column covers origins with at least US$100,000 of squid sales to Korea in the 12 months to September 2026.
Peru’s frozen squid shipments to Korea dropped to 24 tonnes in January 2025 before recovering later that year. USDA, using Korean data, reported that Korea’s imports of Peruvian molluscs, mainly jumbo squid, fell from 39,005 tonnes in 2023 to 14,906 tonnes in 2024. Customs data does not show why.
Why does Korea import so much more squid than it catches?
Korea’s own squid catch is small next to its imports. The Ministry of Oceans and Fisheries (MOF) reported a coastal squid catch of 13,568 tonnes in 2024, a record low, and 31,006 tonnes in 2025. The 2025 catch was still 18.9% below the five-year average of 38,278 tonnes.
MOF linked the 2025 recovery to lower water temperatures, which formed fishing grounds in the East Sea in spring and the West Sea in summer. The release gives no cause for the long-term decline.
Imports did not fall back when the catch recovered. Korea imported 172,451 tonnes of squid by customs weight in 2025, 16.8% more than in 2024. That was 5.6 times the 2025 coastal catch and 3.3 times the 52,122 tonnes caught by Korea’s distant-water fleet. The units differ, so treat the ratios as rough: imports are customs net weight and include dried and prepared products, while catch figures are live weight.

Does squid caught by Korean distant-water vessels count as an import?
No. Under Article 2 of Korea’s Customs Act, fish and other marine products caught on the high seas by Korean vessels are Korean goods, not foreign goods. The same article treats marine products caught on the high seas by foreign vessels as foreign goods, so bringing them into Korea is an import (Customs Act, in force October 2, 2026).
Korea’s distant-water fleet caught 52,122 tonnes of squid in 2025, down 17.4% from 63,156 tonnes in 2024. MOF linked the drop to weaker squid grounds around the Falkland Islands. As Korean goods, none of it appears in the import tables above or pays import duty.
Which squid does each origin sell to Korea?
Each origin sells a different product. Frozen squid under HS 0307.43.2 made up 55.1% of Korea’s squid import value in Jan–Sep 2026, prepared squid under 1605.54 made up 30.9% and frozen cuttlefish 9.0%.
| HSK code | Product | Value, Jan–Sep 2026 | Share of squid | Volume | US$/kg | Value vs Jan–Sep 2025 | Main origin (share of value) |
|---|
| 0307.43.2090 | Other squid, frozen | US$235.3M | 52.3% | 94,336 t | 2.49 | −26.2% | China 35.1% |
| 1605.54.2099 | Other squid, prepared or preserved | US$77.6M | 17.3% | 18,207 t | 4.26 | −33.5% | Peru 72.7% |
| 1605.54.2091 | Seasoned squid | US$61.0M | 13.6% | 10,730 t | 5.69 | −5.1% | China 80.1% |
| 0307.43.1090 | Other cuttlefish, frozen | US$40.1M | 8.9% | 5,129 t | 7.81 | +17.6% | Vietnam 70.9% |
| 0307.43.2010 | Squid of four named genera, frozen | US$12.4M | 2.8% | 1,842 t | 6.73 | −41.9% | Vietnam 42.7% |
| 0307.49.3010 | Cuttlefish and squid of named species, dried | US$12.1M | 2.7% | 337 t | 35.85 | −5.4% | Vietnam 98.3% |
| 0307.49.3090 | Other squid and cuttlefish, dried | US$10.8M | 2.4% | 678 t | 15.89 | +59.1% | China 96.2% |
Source: SEACHING analysis of Korea Customs Service data, Jan–Sep 2026 vs Jan–Sep 2025, imports, all origins. Product names follow the Korean tariff schedule (HSK).
The 10-digit line decides your duty and your price comparison. Frozen “other” squid (0307.43.2090) was Korea’s second-largest single seafood import code in Jan–Sep 2026, at 5.3% of all seafood imports. In 2025 it was the largest, at US$413.3 million.
- Peru sells frozen and prepared squid in about equal parts. Frozen “other” squid made up 50% of Peru’s squid sales to Korea in Jan–Sep 2026 and prepared squid 49%. Peru supplied 72.7% of Korea’s imports of other prepared squid (1605.54.2099). The line 0307.43.2010 names four genera (Ommastrephes, Loligo, Nototodarus and Sepioteuthis). Jumbo flying squid (Dosidicus gigas) is not among them, and Korea’s frozen squid imports from Peru were declared under “other” (0307.43.2090). More in the guide to exporting seafood from Chile, Peru and Ecuador.
- China sells frozen squid and seasoned squid. Frozen “other” squid made up 52% of China’s squid sales to Korea and seasoned squid 31%. China supplied 80.1% of Korea’s seasoned squid imports. See the guide to exporting Chinese seafood to Korea.
- Vietnam sells cuttlefish and dried products. Frozen cuttlefish made up 44% of Vietnam’s squid sales to Korea, dried cuttlefish and squid 19% and seasoned squid 17%. The guide to Thai and Indonesian seafood exports to Korea compares the Southeast Asian suppliers.
- Chile, Ecuador, Argentina, Spain and Taiwan sold almost only frozen “other” squid to Korea in Jan–Sep 2026.
What prices does Korea pay per kg for squid?
Korea’s squid import prices fell sharply in 2026. The all-squid average was US$3.42 per kg in Jan–Sep 2026, down 23.2% from US$4.46 a year earlier.
| Origin | Frozen “other” squid, 0307.43.2090 | Other prepared squid, 1605.54.2099 | Seasoned squid, 1605.54.2091 | Frozen cuttlefish, 0307.43.1090 |
|---|
| Peru | 2.15 (3.34) | 4.30 (7.67) | 11.45 (4.00) | n/a |
| China | 2.76 (3.44) | 3.34 (3.60) | 5.01 (6.13) | n/a |
| Chile | 1.91 (3.92) | n/a | n/a | n/a |
| Ecuador | 1.54 (2.11) | n/a | n/a | n/a |
| Argentina | 4.54 (4.22) | n/a | n/a | n/a |
| Spain | 4.32 (4.36) | n/a | n/a | n/a |
| Vietnam | 3.98 (2.92) | 10.10 (9.87) | 12.73 (12.56) | 7.99 (7.12) |
| Thailand | n/a | n/a | n/a | 9.24 (8.82) |
| All origins | 2.49 (3.53) | 4.26 (6.56) | 5.69 (6.60) | 7.81 (7.24) |
Source: SEACHING analysis of Korea Customs Service data, Jan–Sep 2026 (Jan–Sep 2025 in brackets), imports, US$ per kg (customs value, CIF). n/a = less than US$1 million of sales in Jan–Sep 2026.
In frozen “other” squid, Ecuador, Chile and Peru cleared at the lowest prices in Jan–Sep 2026. Argentina and Spain cleared above China.

Under Article 30 of Korea’s Customs Act, the customs value includes freight and insurance to the Korean port, so these are CIF values, not wholesale prices (in force October 2, 2026). The guide to benchmarking your price against Korean customs import prices shows how to compare an FOB offer.
Frozen “other” squid peaked at US$3.75 per kg in May 2025, fell to US$2.11 in March 2026 and stood at US$2.50 in September 2026. Peru’s price for the same code fell from US$3.84 in April 2025 to US$1.85 in April 2026, and was US$2.07 in September 2026.

SEACHING’s page for frozen “other” squid from Peru charts the same monthly customs price per kg, with 6-month, 1-year and 3-year views and a dashed AI forecast line, so you can check the latest months against your offer.

What import duty does Korea charge on squid?
Frozen “other” squid pays a 22% adjustment tariff in 2026 unless the origin has a lower FTA rate. Korea’s basic rate for that code is 20%, but the 2026 adjustment tariff on frozen squid, excluding some small species and surimi, is 22% and takes priority over the basic rate. An FTA rate applies only when it is lower.
| Origin (agreement) | Frozen “other” squid, 0307.43.2090 | Frozen squid, named genera, 0307.43.2010 | Frozen cuttlefish, 0307.43.1090 | Other prepared squid, 1605.54.2099 | Seasoned squid, 1605.54.2091 |
|---|
| No FTA rate (e.g., Argentina, Ecuador, Taiwan) | 22% | 22% | 20% | 20% | 20% |
| Peru, Chile, United States | 0% | 0% | 0% | 0% | 0% |
| China (Korea–China FTA) | 8% | 22% | 8% | 20% (other China lines 8% and 0%) | 20% (other China lines 8% and 0%) |
| Vietnam (Korea–Vietnam FTA) | 0% | 21.6% | 0% | 0% | 16% (another line 0%) |
| ASEAN members (Korea–ASEAN FTA) | 5% | 21.6% | 5% | 5% | 16% (another line 5%) |
| Spain and other EU (Korea–EU FTA) | 0% (Jan–Jun 2026 rows) | 22% | 0% (Jan–Jun 2026 rows) | 0% (Jan–Jun 2026 rows) | 0% (Jan–Jun 2026 rows) |
Source: Korea Customs Service, 2026 tariff schedule (Public Data Portal), rates for January 1–December 31, 2026; EU rows in the file cover January 1–June 30, 2026. The 22% for origins without an FTA rate, such as Ecuador, is the adjustment tariff listed in the 2026 schedule; confirm it with a customs broker. Checked October 15, 2026.
Four points matter:
- The adjustment tariff is set each year. The 22% rate covers declarations made in calendar 2026.
- Ecuador has no FTA in force. Korea and Ecuador signed a trade agreement (SECA) in September 2025, but it was not in force as of October 15, 2026. The guide to the Korea–Ecuador SECA explains the schedule.
- China, Vietnam and ASEAN have extra rate lines. For prepared and seasoned squid the file lists extra Korea–China lines, including a 0% line coded FCN6, and extra Vietnam and ASEAN lines for seasoned squid, without stating their conditions. Ask a broker before you price on them.
- Prepared squid also pays VAT. Unprocessed squid in HS 0307 is exempt from import VAT, but prepared squid in HS 1605 pays 10% (VAT Act, as of October 2026).
The importer claims the FTA rate and needs proof of origin. Check the rate on KCS UNIPASS for the date of import and confirm it with a licensed Korean customs broker. The Korea seafood import duty guide explains how the rate types fit together.
What else should squid exporters know before shipping?
Since June 29, 2026, frozen and chilled squid have been on Korea’s list of imported seafood that needs traceability reports. The list grew from 22 to 27 items. The importer and each distributor report every transfer within five days. The reports are the Korean side’s job, but they draw on the product name and origin on your documents.
Squid is also one of 20 seafood species that Korean restaurants must label by country of origin, according to the National Fishery Products Quality Management Service (NFQS).
Before the first shipment, the Ministry of Food and Drug Safety (MFDS) requires the foreign manufacturing facility to be registered, for two years at a time. The step-by-step guide to exporting seafood to Korea covers registration, documents and inspection. The importer, not the exporter, files the import declaration.
SEACHING estimates that 422 Korean companies imported frozen “other” squid in the 12 months to September 2026, and that the top 10 held 20.0% of import records, an estimate based on record counts, not value. The guide to seafood importers in Korea explains who they are.
More on squid and Korea
Check Korea’s imports of your squid product
The same monthly data by origin exists for other prepared squid imports into Korea (free sign-up), seasoned squid import data (free sign-up) and frozen cuttlefish import data (free sign-up).
Before you contact a Korean buyer, look up how much frozen or prepared squid Korea already imports, from which origins and at what customs value per kg. SEACHING shows Korea’s seafood imports by 10-digit HS code and month, built on Korea Customs Service data. Look up your squid product on SEACHING (free sign-up)
FAQ
Why is squid so expensive in Korea?
Korea’s own coastal squid catch fell to a record low of 13,568 tonnes in 2024 and was 31,006 tonnes in 2025, below the five-year average of 38,278 tonnes, according to the Ministry of Oceans and Fisheries. Import prices, however, fell in 2026: Korea paid an average of US$3.42 per kg at customs for squid in Jan–Sep 2026, against US$4.46 a year earlier (SEACHING analysis of Korea Customs Service data). Customs values are not retail prices, and this data does not show what Korean shoppers pay.
What is the import duty on frozen squid in Korea in 2026?
Frozen “other” squid (HSK 0307.43.2090) carries a 22% adjustment tariff in 2026. FTA rates are lower for many origins: 0% for Peru, Chile, the United States and Vietnam, 5% for ASEAN members and 8% for China (2026 tariff schedule, checked October 15, 2026).
Which squid does Korea buy from Peru?
In Jan–Sep 2026, Peru sold Korea US$58.1 million of frozen “other” squid (HSK 0307.43.2090) and US$56.4 million of other prepared squid (1605.54.2099), according to SEACHING’s analysis of Korea Customs Service data.
Sources and method
- SEACHING, HSK 0307.42 to 1605.54 squid codes, Korea imports by origin, monthly, Jan 2024 to Sep 2026, retrieved October 15, 2026 (built on Korea Customs Service trade statistics)
- SEACHING, estimated importers of HSK 0307.43.2090, 12 months to September 2026, retrieved October 15, 2026
- Ministry of Oceans and Fisheries, 2025 fisheries production press release and attachment, February 26, 2026, checked October 15, 2026
- Customs Act, Article 2, Korea Law Information Center, in force October 2, 2026, checked October 15, 2026
- Customs Act, Article 30, Korea Law Information Center, in force October 2, 2026
- Customs Act, Article 50, Korea Law Information Center, in force October 2, 2026
- Regulation on Adjustment Tariffs under Article 69 of the Customs Act, Annex, 2026 rates, checked October 14, 2026
- Korea Customs Service, 2026 tariff schedule (Public Data Portal), 2026 rates, checked October 15, 2026
- Korea Customs Service, FTA portal, agreements in force, checked October 14, 2026
- Korea FTA portal (fta.motir.go.kr), Korea–Ecuador SECA timeline, checked October 14, 2026
- Value-Added Tax Act, Article 27, Korea Law Information Center, checked October 14, 2026
- MOF press release on imported seafood traceability items, June 7, 2026
- NFQS, restaurant country-of-origin labeling, checked October 1, 2026
- Special Act on Imported Food Safety Control, Article 5, Korea Law Information Center, in force October 8, 2026
- USDA FAS GAIN, Korea Seafood Market Update 2025, November 25, 2025
Method: squid = HS subheadings 0307.42, 0307.43, 0307.49 and 1605.54, all 10-digit HSK lines under them. Price = customs value (US$, CIF) ÷ net weight; multi-month prices divide total value by total weight. Months with no imports from an origin count as zero. Origin figures cover origins with at least US$100,000 of sales to Korea in the 12 months to September 2026, 99.93% of the value in Jan–Sep 2026. Catch figures are MOF provisional figures in live weight; import figures are customs net weight. Company counts and record shares are SEACHING estimates. Figures for 2026 may be revised when Korea Customs Service publishes final data. Customs rules and tariffs change; confirm with a licensed Korean customs broker and the agencies named above.