[Graphic News] S. Korea’s exports of cosmetics up 15% in 2020

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)