South Korea Is Ready To Promote Textile Exports

South Korea revealed a plan on Friday to attack again. textile industry And become the fourth largest in the world in 9 years. textile Exporting country.

According to the new plan, the Korean government seeks to promote the textile industry. Export volume The annual growth rate was 51%, which reached 21 billion dollars in 2020, and the export volume in 2010 was 13 billion 900 million US dollars, the Ministry of knowledge economy of Korea said.

In 2020, the output value of the Korean textile industry will reach 56 trillion won, up 47.4% from 38 trillion won in 2010, the Ministry of knowledge economy of Korea said.

The announcement was made on the anniversary of the twenty-fourth textile day. The textile day began in 1987 to commemorate the export of the Korean textile industry by more than US $10 billion. This is the first industrial sector in Korea to achieve this goal.

Since 1977, South Korea has exported $4 billion 290 million of textile products, while imports from overseas have reached US $1 billion 260 million. The textile industry is US $3 billion 330 million. Balance of trade surplus It is sympathetic to the country's total trade surplus of 1.6 times, the Ministry of knowledge economy of Korea said.

The Ministry of knowledge economy said that the textile industry's exports could reach the highest level in 10 years this year, reaching US $16 billion.