Health and cosmetics exports boom in 2020

Home > Business > Industry

print dictionary print

Health and cosmetics exports boom in 2020

 Korea's health care and cosmetics exports soared more than 38 percent to an all-time high in 2020 amid the coronavirus pandemic, industry data showed Thursday.
The country's overseas shipments of pharmaceuticals, cosmetics and medical devices stood at $21.70 billion last year, up 38.3 percent from the previous year and a fresh high, according to the data from the Korea Health Industry Development Institute.
The new record came as the pandemic led to a surge in exports of biopharmaceuticals, coronavirus test kits and other related medical devices.
Exports of medicine reached $8.43 billion last year, up 62.6 percent from the previous year, with those of disinfectants spiking about 3,700 percent to $258 million.
Germany was the largest market for Korean medicines, followed by the United States and Japan.
Overseas shipments of medical devices stood at $5.70 billion last year, up 44 percent from the prior year, helped by a jump in coronavirus test kits.
Cosmetics exports climbed 15.6 percent on-year to $7.57 billion in 2020. China was the biggest importer of Korean cosmetics products, trailed by Hong Kong, the U.S. and Japan, according to the data.
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)