Home / Knowledge / News / Textiles / China-Korea textile & apparel trade volume likely to go up
China-Korea textile & apparel trade volume likely to go up
Jul '14
The volume of textile and apparel trade between China and South Korea is expected to increase further, following the visit of Chinese President Xi Jinping to South Korea earlier this month.
Currently, China is South Korea’s largest trading partner, the largest export market, and the largest source of imports. In 2013, the bilateral trade volume between China and South Korea reached US$ 270 billion.
During their talks, President Xi Jinping and his South Korean counterpart Park Geun-hye set the goal of achieving the bilateral trade volume of $300 billion by 2015. Both the sides also agreed to increase efforts for completion of a free trade agreement (FTA) between the two before the end of the current year.
The increasing trade cooperation between China and Korea provides a good opportunity to increase the bilateral textile and garment trade volume between the two countries.
China’s exports of textiles and clothing to South Korea increased from $3.806 billion in 2003 to $6.789 billion in 2013.  Last year, China’s textiles and apparel exports to Korea increased by 16.6 percent year-on-year. Of this, clothing exports grew at 21.1 percent year-on-year to $3.95 billion.
On the other hand, China’s imports of textiles and garments from Korea are relatively stable. In 2013, imports decreased by 2.93 percent year-on-year to $2.447 billion.
As traditional textile and apparel producing countries, the textile and garment industry cooperation between South Korea and China in the future will be more diverse.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Courtesy: Bombay Dyeing

Textiles | On 3rd Dec 2016

Bombay Dyeing to focus on retail; stops textile production

Bombay Dyeing, a Wadia group company, has decided to shift its focus...

Apparel/Garments | On 3rd Dec 2016

Q3FY17 net earnings slip 26.8% at denim retailer Guess

In the three months ended October 29, 2016, net earnings at denim...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search