韩有望成全球第二大美妆产品出口国

Core Insights - Despite global economic slowdown, South Korea's cosmetic product exports are experiencing strong growth, positioning the country to become the world's second-largest beauty export nation [1] Export Performance - In the first half of this year, South Korea's cosmetic export value reached $5.5 billion, marking a year-on-year increase of 14.8%, setting a historical record [1] - Exports to China amounted to $1.08 billion, accounting for 19.6% of total exports, which is the first time this figure has dropped below 20% [1] - Exports to the United States and Japan saw significant year-on-year growth, with increases of 17.7% ($150 million) and 15.7% ($70 million) respectively [1] Market Trends - From 2021 to 2024, South Korea's cosmetic export value has shown growth, except for 2022, with total exports last year reaching $10.17731 billion, making it the third-largest beauty export country globally, following France and the United States [1] - The South Korean beauty export market is expanding beyond traditional markets like China to include Europe, the Middle East, and South America, with notable performances from medium-sized backbone enterprises and small to medium-sized enterprises [1] - Given the current trends, South Korea is expected to become the world's second-largest beauty export nation this year [1]