Friday, 9 October 2026
The beauty industry, decoded through data
Exports

Global beauty exports grew 9% in H1 2026 driven by Korea and China

October 9, 2026

Based on ITC Trademap export data covering skincare and makeup (HS 3304), fragrance (HS 3303) and haircare (HS 3305), beauty exports were up 9% YoY in H1 2026.

Global beauty exports grew 9% in H1 2026 driven by Korea and China

France, which was by far the largest exporter at $12bn in H1 26, more than the USA and Korea combined, grew 8% driven by its smallest segment haircare which grew at 19%.

The US in third place at $4.7bn was flat, with makeup and skincare exports down 2% while fragrance was up 7%.

Korea, in second place at $6.1bn, saw its growth accelerating. While global Korean beauty exports grew 10% between 2024 and 2025, H1 26 growth reached 26%, with skincare & makeup exports up 25%, haircare up 30% and fragrance up 86%, the later segment remaining very small at $44m in export in H1 26. K-Beauty exports have been driving by strong demand in the US, where Korean retailer Olive Young started operation this summer, and global success on e-commerce platform with Medicube being the top selling skincare brand on Amazon and TikTok in Q2 2026.

But beyond Korea, I reckon the most interesting development is the global rise of C-Beauty. China exported $3.4bn worth of beauty products in H1 2026, up 32% YoY and what is interesting is the destination of the export. If east and southeast Asia represented one third of Chinese skincare and makeup export, the US represented 21% of those exports and 32% YoY with Chinese brand Proya launching at Ulta in November 2026.

Among other fast growing beauty exporter it is worth noting the Netherlands, Japan and Poland which respectively grew 20%, 15% and 13% in H1 2026.

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