SOUTH KOREA: Textile Exports Grow Again In January
The group said the increase was driven by greater foreign demand for raw materials for fibres and yarn as well as woven goods and finished textile goods.
It added exports to China, Vietnam and Guatemala rose significantly while textile imports during the month grew 13.8 per cent year-on-year to $467 million.
"Developing countries such as China and Vietnam imported more materials for clothes in 2002, which translated into a rise in South Korea's textile exports," KOFOTI said.
"Textile shipments made sooner than originally scheduled due to the Lunar New Year holiday seems to have contributed to the January growth."
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