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South Korea's apparel imports dip for 2nd consecutive month in May

30
Jun '22
Pic: 123rf.com
Pic: 123rf.com
South Korea’s apparel imports have declined for the second consecutive month in May 2022 to $793.988 million. The import had registered decline to $924.054 million in April compared to $1031.828 million in March 2022, the highest since December 2021. The spread of COVID-19 and truckers’ strike had an impact on apparel imports by South Korea.


South Korea imported apparel worth $829.661 million in February 2022, $1015 million in January 2022 and $844.158 million in December 2021, according to Fibre2Fashion’s market insight tool TexPro.

In 2022, the cumulative apparel imports by Korea till May stood at $4.594 billion. In 2021, Korea’s apparel imports were $10.534 billion. The major apparel suppliers during January-April 2022 were Vietnam (30.69% share), China (29.77%), Italy (6.97%), Bangladesh (5.90%) and Indonesia (5.24%), as per TexPro.

In the first five months of this year, South Korea imported home textiles to the tune of $590.617 million. Last year, the country imported home textiles worth $1.514 billion.

Fibre2Fashion News Desk (KUL)


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June 2022

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