South Korea’s apparel imports surge to $1.02B in 2024

South Korea’s apparel imports surged to $1.02 billion in July 2024, reflecting a 2.3% increase compared to the same month last year.

This rise is primarily attributed to a notable increase in knitted apparel imports, while non-knitted apparel imports experienced a modest decline.

For the period from January to July 2024, South Korea’s total apparel imports amounted to .

55 billion, showcasing the country’s robust demand for international fashion products. This growth underscores a continuing trend of increased consumer appetite for diverse and high-quality apparel.

In addition to the rise in apparel imports, South Korea’s textile material exports also demonstrated significant activity in July. Exports of textile materials from Chapter 54 reached $171.04 million, while those from Chapter 60 amounted to 2.

25 million. These figures highlight South Korea’s strong position in the global textile market, further reinforcing its role as a key player in the international textile and apparel industries.

Overall, the increase in apparel imports combined with substantial textile material exports indicates a dynamic and evolving trade landscape for South Korea, reflecting both growing domestic demand and continued global engagement.