How do you export cosmetics?
Cosmetics export strategies experiencing growing demand worldwide alongside the K-beauty craze.
Key Summary
The global cosmetics market is approximately $571 billion (as of 2023) and is growing at an annual average rate of 5.2%. Korean cosmetics exports reached a record high of approximately $8.5 billion in 2023, with the United States, China, and Japan as the top three export destinations. Skincare, mask packs, and sun care products are the core categories of K-beauty, and the vegan/clean beauty trend has been spreading globally in recent years. They fall under HS Code Chapter 33, and duty-free benefits are available when utilizing the Korea-US FTA.
Market Overview
The global cosmetics market is approximately $571 billion (as of 2023) and is growing at an annual average rate of 5.2%. Korean cosmetics exports reached a record high of approximately $8.5 billion in 2023, with the United States, China, and Japan as the top three export destinations. Skincare, mask packs, and sun care products are the core categories of K-beauty, and the vegan/clean beauty trend has been spreading globally in recent years. They fall under HS Code Chapter 33, and duty-free benefits are available when utilizing the Korea-US FTA.
Essential Certifications
Find Cosmetics (K-Beauty) Buyers on Rinda
AI analyzes the characteristics of the Cosmetics (K-Beauty) industry and recommends the best overseas buyers for you. Also available through export vouchers.
Get Buyer Recommendations Now (Free)