South Korea’s exports of cosmetics shot up 15 percent in 2020 from a year earlier, data showed, on the back of growing demand from the United States and from other Asian countries.
Outbound shipments of cosmetics reached $6.12 billion last year, according to the data compiled by the Korea Customs Service and the Korea Cosmetic Association.
Korea’s imports of cosmetics fell 10.7 percent on-year in 2020 to $1.07 billion.
Exports to China soared 24.6 percent, with shipments to Japan and Vietnam also moving up 58.7 percent and 17.6 percent over the cited period, respectively. (Yonhap)
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