China Remains as Top Exporter of Korean Cosmetics

      October 06, 2014 09:49

      China remains as the top exporter of Korea's cosmetics products, while Hong Kong overtook Japan as the second largest importer. This is the first time that Japan moved down to third place in 15 years.

      According to data released by the Korea Customs Service on Sunday, China and Hong Kong were the biggest buyers of Korean beauty products in the first eight months of this year.

      China imported US$323 million worth of Korean cosmetics and Hong Kong US$213 million. Japan came in third with US$140 million.

      The industry believes the decrease was due to the weak Japanese currency driving up prices of Korean products in Japan.

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