South Korea'S Textile Exports Resumed Growth After 10 Years

Korea Trade Association

Recently released report shows that

Since 2001, 10 years later, the growth has been restored.

In the first half of this year, South Korea's exports increased by 22.2% over the same period last year, reaching US $8 billion 100 million.

Industry analysts believe that in 2011, South Korea's textile exports will hit a new high of 10 years, reaching 15 billion 900 million dollars.

This is mainly due to the steady increase in demand for fabrics and clothing in overseas markets.

Senior researcher Parker Jimmy said: "the expected growth is mainly due to the revival of fabric demand.

The proportion is relatively high.

In addition, external environmental factors such as the steady recovery of the global economy and the entry into force of the ROK Euro FTA will also prompt a surge in textile orders. "

Parke suggested that South Korean operators should increase the research and development of industrial textiles because the industrial sectors in European countries are raising the demand for such high value-added products.

"Textiles are now widely used in automobiles, ships, electronics and various metal products industries."

She believes that this trend has attracted the attention of foreign investors and prompted the Korean government to increase its support for the overall textile industry.

It is understood that in 2001, South Korea's textile exports amounted to 16 billion 100 million US dollars, and the industry export volume in the past 10 years did not reach the highest export scale.