diff --git a/package/python-setuptools/python-setuptools.hash b/package/python-setuptools/python-setuptools.hash
index bb7d6e5587..e01350124c 100644
--- a/package/python-setuptools/python-setuptools.hash
+++ b/package/python-setuptools/python-setuptools.hash
@@ -1,4 +1,4 @@
 # From https://pypi.org/pypi/setuptools/json
-md5  cfa521312f6ac49b2fda5640df4f8f6d  setuptools-62.6.0.tar.gz
-sha256  990a4f7861b31532871ab72331e755b5f14efbe52d336ea7f6118144dd478741  setuptools-62.6.0.tar.gz
+md5  d72acb93671bde8e4ca0971866f9cdda  setuptools-63.2.0.tar.gz
+sha256  c04b44a57a6265fe34a4a444e965884716d34bae963119a76353434d6f18e450  setuptools-63.2.0.tar.gz
 sha256  db3f0246b1f9278f15845b99fec478b8b506eb76487993722f8c6e254285faf8  LICENSE
diff --git a/package/python-setuptools/python-setuptools.mk b/package/python-setuptools/python-setuptools.mk
index e49cfbc022..082b293eef 100644
--- a/package/python-setuptools/python-setuptools.mk
+++ b/package/python-setuptools/python-setuptools.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_SETUPTOOLS_VERSION = 62.6.0
+PYTHON_SETUPTOOLS_VERSION = 63.2.0
 PYTHON_SETUPTOOLS_SOURCE = setuptools-$(PYTHON_SETUPTOOLS_VERSION).tar.gz
-PYTHON_SETUPTOOLS_SITE = https://files.pythonhosted.org/packages/dc/73/88920663229023b724a854d1ab7e3e50a1a28b63eeec399a604ba30f9242
+PYTHON_SETUPTOOLS_SITE = https://files.pythonhosted.org/packages/0a/ba/52611dc8278828eb9ec339e6914a0f865f9e2af967214905927835dfac0a
 PYTHON_SETUPTOOLS_LICENSE = MIT
 PYTHON_SETUPTOOLS_LICENSE_FILES = LICENSE
 PYTHON_SETUPTOOLS_CPE_ID_VENDOR = python