Ministry of Food and Drug Safety 국민 안심이 기준입니다 YOUR SAFETY IS OUR STANDARD

Ministry of Food and Drug Safety 국민 안심이 기준입니다 YOUR SAFETY IS OUR STANDARD

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[Press Release] Cosmetics Exports Record 10 Trillion for 2 Consecutive Years
  • Registration Date 2023-08-21
  • Hit 12687

Cosmetics Exports Record 10 Trillion for 2 Consecutive Years Diversified Export Markets, Southeast Asia, Central Asia

- MFDS announces statistics data of cosmetics production·import·export for 2022

- Trade balance records 8 trillion 600 billion won ($6.6 billion) in 2022

- Korea ranks the world’s 4th cosmetics exporter following France, the United States, Germany

- Exports to China decline…MFDS accelerates regulatory innovation, supporting exports


The Ministry of Food and Drug Safety (Minister Oh Yu-Kyoung) announced the result of analyzing production, imports, and exports of cosmetics for 2022. According to the analysis, trade balance recorded 8 trillion 563.1 billion won ($6.6 billion) in a surplus as of 2022 as export dependence on China decreased while exports to Southeast Asian countries increased.

* Trade balance: ₩100.6 billion ($89.26 million) (2012) → ₩4 trillion 260.1 billion ($3.8 billion) (2017)→ ₩9 trillion 16.1 billion ($7.9 billion) (2021) → ₩8 trillion 563.1 billion ($6.6 billion) (2022)

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Division Biopharmaceuticals and Herbal Medicine Bureau Cosmetics Policy Division

Written by Cheon Se-Kyeong

Telephone 043-719-3402