South Korea'S Textile Exports Resumed Growth After 10 Years
The report released recently by the Korea trade association shows that textile exports in South Korea have resumed growth since 10 years after 2001.
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.
The Korean Trade Association's recent report shows that textile exports in South Korea have resumed growth since 10 years after 2001.
In the first half of this year, South Korea
Exit
An increase of 22.2% over the previous 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.
The Republic of Korea
"The expected growth is mainly due to the revival of fabric demand and the higher proportion of fabric exports," said Parker Jimmy, a senior researcher with the trade association.
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.
"Now
textile
It has been 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.
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