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Shopping at overseas online malls rises: data

All News 17:03 January 19, 2017

SEOUL, Jan. 19 (Yonhap) -- The amount of goods bought by South Koreans directly from online shopping malls abroad rose modestly last year from a year earlier as people want to save money and pick exclusive items, data showed Thursday.

The figure surged to US$1.63 billion last year, up 7 percent from the previous year, according to statistics from Korea Customs Service. At the same time, the country saw a 7-percent decline in imports from a year earlier.

The amount of direct buying from foreign online shopping malls decreased 1 percent last year from the previous year, after increases of 50 percent in 2012, 47 percent in 2013 and 49 percent in 2014.

"We understand more people are spending in a reasonable manner to cope with the recent rise in commodity prices in the country," an official from the customs agency said.

By country, 65 percent of purchases were made at U.S. online stores last year, down from 75 percent in 2013. European countries came second with 15 percent, up from 7 percent in 2013. China was third with 8 percent, up from 5 percent in 2013.

By item, vitamins and other health-related goods were the most popular at 20 percent, followed by cosmetics with 16 percent, coffee and candies with 14 percent, and clothing with 12 percent.

Shopping at overseas online malls rises: data - 1


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