South Korea's imports of knitted apparel and clothing accessories (Chapter 61) were valued at $5.083 billion in 2024, compared to $4.842 billion in 2023. The import value of non-knitted apparel and clothing accessories (Chapter 62) was $7.283 billion in 2024, up from $7.149 billion in 2023.
In December 2024, South Korea’s apparel imports reached $935.544 million, marking an 11.44 per cent increase from $839.208 million in the same month of the previous year. On a month-on-month basis, apparel imports also saw an increase of 3.08 per cent compared to inbound trade of $907.552 million in November 2024.
In December 2024, South Korea imported knitted apparel and clothing accessories (Chapter 61) valued at $401.665 million, compared to $340.092 million in December 2023. The import value of non-knitted apparel and clothing accessories (Chapter 62) was $533.879 million in December 2024, up from $499.116 million in December 2023. In November 2024, the country’s imports amounted to $367.478 million (Chapter 61) and $540.074 million (Chapter 62).
South Korea typically exports fabrics and textile materials while importing ready-made garments.
In 2024, the country exported man-made filaments, strips, and similar materials of man-made textiles (Chapter 54) worth $1,987.300 million, slightly lower than the exports of $2,107.283 million in 2023. The shipment of knitted or crocheted fabrics (Chapter 60) was $1,713.855 million in 2024, easing from $1,788.741 million in 2023.
In December 2024, the country exported man-made filaments, strips, and similar materials of man-made textiles worth $168.640 million and knitted or crocheted fabrics (Chapter 60) worth $140.030 million. In December 2023, these exports were valued at $176.511 million for Chapter 54 and $158.147 million for Chapter 60. In November 2024, the export values were $174.247 million and $147.540 million, respectively.
ALCHEMPro News Desk (KUL)
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