Cosmetics Exports Increase, Imports Down

  • Arirang News

    February 08, 2021 08:37

    Exports of beauty products increased last year despite the coronavirus pandemic.

    The Korea Customs Service said on Sunday that cosmetics exports rose 16.1 percent on-year to almost US$7.6 billion. The growth was apparently due to the continued popularity of Korean pop culture.

    Sales of skin care, hair and bath products rose, but declined for color make-up products like blush and lipstick.

    By destination, exports to China increased 24.5 percent to $3.81 billion, accounting for 50.3 percent of the total. Shipments to the U.S. and Japan soared 21.6 percent and 59.2 percent, respectively.

    While exports increased, imports declined more than 6 percent to $1.48 billion. It was the second annual decline in a row.

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