Korean Textile Exports Will Hit A 10 Year High In 2011.

2011/7/15 9:10:00 39

A South Korean think tank reported that in 2011, South Korea

Textile exports

It is expected to create a new high of 10 years, mainly in the steady rise in demand for fabrics and clothing from overseas markets.

International Trade

Research Institute (IIT) said this year's textiles,

Fabric

Overseas exports of clothing and clothing jumped 14.5% from a year ago to 15 billion 900 million US dollars.

In the first half of this year, exports grew by 22.2% over the same period last year, reaching US $8 billion.

In 2001, it exported US $16 billion 100 million, the highest export scale in the past 10 years. This forecast is based on the 2001 export.

South Korea exported a record high in 2000, amounting to $18 billion 800 million.

ParkGi-im, senior research fellow at IIT, said: "the expected growth is mainly due to the revival of fabric demand, the largest export volume of fabrics, and the steady recovery of the global economy.

The free trade agreement signed with the EU will come into effect this month, which will also expand the order for raw material textiles. "

Textiles are expected to be one of the beneficiaries of the EU free trade agreement, because many EU countries maintain high tariffs. He said that increasing demand for non apparel textiles, especially in the industrial sector, is increasing demand for added value products.

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

She said that this trend has triggered new investments by foreign companies, and has prompted the Korean government to increase its support for the overall textile industry.