SBS Zipper:South Korea's apparel imports surge 5.8% to $1.31 bn in Sept 2024 - Textile Fashion News SBS Zipper-Nylon Zippers,Metal Zippers,Plastic Zippers,Recycle Zippers

South Korea's apparel imports surge 5.8% to $1.31 bn in Sept 2024 - Textile Fashion News SBS Zipper

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South Korea's apparel imports rose to $1.39 billion in September 2024, a 5.87 per cent year over year increase, and 11.40 per cent higher than August 2024.
Imports of knitted and non-knitted apparel were valued at $549.7 million and $837.9 million, respectively.
The country typically exports textile materials, with man-made filaments and knitted fabrics being key export items.

South Korea’s apparel imports reached $1,387.647 million in September 2024, marking a 5.87 per cent increase from $1,310.923 million in the same period the previous year. The country imported apparel worth $1,245.136 million in August 2024. Consequently, inbound trade rose by 11.40 per cent on a month-on-month basis, according to the latest figures released by the Korea Customs Service.

In September 2024, South Korea imported knitted apparel and clothing accessories (Chapter 61) valued at $549.743 million, compared to $504.714 million during the same period in 2023. The import value of non-knitted apparel and clothing accessories (Chapter 62) was $837.904 million in September 2024, up from $806.209 million in September 2023. In August 2024, the country’s imports amounted to $516.522 million (Chapter 61) and $728.614 million (Chapter 62).

South Korea's apparel imports rose to $1.39 billion in September 2024, a 5.87 per cent year over year increase, and 11.40 per cent higher than August 2024. Imports of knitted and non-knitted apparel were valued at $549.7 million and $837.9 million, respectively. The country typically exports textile materials, with man-made filaments and knitted fabrics being key export items.

From January to September 2024, South Korea’s total apparel imports amounted to $9.184 billion, with Chapter 61 items accounting for $3.812 billion and Chapter 62 items for $5.372 billion. For the entirety of 2023, the country imported apparel worth $11.991 billion, with Chapter 61 imports at $4.842 billion and Chapter 62 imports at $7.149 billion.

South Korea typically exports fabrics and textile materials while importing ready-made garments. In September 2024, the country exported man-made filaments, strips, and similar materials of man-made textiles (Chapter 54) worth $145.389 million and knitted or crocheted fabric (Chapter 60) worth $124.402 million. In September 2023, these exports were valued at $154.513 million for Chapter 54 and $144.801 million for Chapter 60. In August 2024, the export values were $133.395 million and $128.846 million, respectively.

During the January to September 2024 period, South Korea’s exports under Chapter 54 reached $1,484.837 million, while exports under Chapter 60 totalled $1,290.626 million. In 2023, exports under Chapter 54 amounted to $2,107.283 million, and under Chapter 60 to $1,788.741 million.

SBS Zipper News Desk (KUL)

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