News

Fashion

Staff Reporter

, South Korea

Published:

28 days ago

Photo by Tara Winstead via Pexels

South Korea’s cosmetic exports surge 20% to $2.3b in Q1

It reflects the country's growing influence in the global beauty market.

South Korea's cosmetic exports increased by over 20% in the first quarter of 2024, reaching an all-time high of $2.3b.

Despite fluctuations in recent years, with a peak in 2021 at $9.22b and a dip in 2022 to $7.98b, South Korea's cosmetics exports rebounded to $8.49b in 2023, as per data by the Korea Customs Service via Yonhap News Agency.

ALSO READ: K-Beauty market to hit $13.9b by 2027

China emerged as the top destination for South Korean cosmetic exports in Q1 2024, with shipments valued at $610m, followed by the United States ($380m), Japan ($240m), and Vietnam ($150m).

The data also showed that the products were sold to 175 nations during the period.

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