Donghae-si Opens Sea Route for 'Cosmetics Export to Russia'

1.7 Tons of Locally Produced Cosmetics Loaded on Korea-Russia-Japan Ferry Departing from Donghae Port

Cosmetics Produced in Gangwon Province, First Shipment from Donghae Port [Provided by Donghae City]

[Asia Economy Reporter Ra Young-cheol] The sea shipping route for exporting cosmetics produced in Gangwon Province to Russia has been opened.

The Northern Logistics Research Support Center under Donghae City announced on the 31st, "Cosmetics produced in Gangwon Province were loaded for the first time on the Korea-Russia-Japan ferry (Doowon Shipping) departing from Donghae Port to Vladivostok on the 30th."

The shipped goods consist of 1.7 tons of basic cosmetic sets (worth $27,000) produced by a cosmetics manufacturer in Chuncheon.

Russia is the fourth largest cosmetics sales market in Europe, growing at 10% annually, and ranks sixth in terms of export value among Korean cosmetics export countries.

In particular, Russia is considered a promising market for Gangwon Province cosmetics companies, as there is a high preference for Korean cosmetics among young consumers regardless of brand.

In the first half of this year, the export performance of cosmetics from Gangwon Province to Russia showed strong results with $1.78 million.

This shipment from Donghae Port also provides an alternative logistics network for small and medium-sized exporters in the province who face great difficulties using Busan Port due to rapid increases in sea freight rates and severe congestion.

Additionally, the Northern Logistics Research Support Center supports logistics costs, which is expected to improve price competitiveness.

The Northern Logistics Research Support Center stated, "Following the export of Pyeongchang paprika to Japan, the export of Chuncheon cosmetics to Russia through Donghae Port has become possible. We will ensure that Donghae Port helps resolve logistics difficulties and strengthens price competitiveness for export and import companies in the province."

This content was produced with the assistance of AI translation services.