Menu Content
Go Top

Economy

S. Korea's Auto Exports Hit 8-Year High in First Half

Written: 2022-07-15 19:10:14Updated: 2022-07-15 19:13:01

S. Korea's Auto Exports Hit 8-Year High in First Half

The nation’s exports of eco-friendly vehicles in the first half surpassed seven billion U.S. dollars for the first time, boosting the value of exports to an eight-year high.

According to the Ministry of Industry, Trade and Energy on Friday, the country’s auto exports came to 24-point-35 billion dollars in the first six months of the year, up three-point-two percent on-year.

It’s the best performance in eight years since the first half of 2014, when it reached 25-point-23 billion dollars. 

The ministry attributed the jump partially to an increase in shipments of eco-friendly vehicles, which accounted for 30 percent of total car exports in the first half, up eight-point-three percentage points from a year earlier. 

In terms of volume, a total of one-point-07 million vehicles were shipped overseas during the cited period, up one-and-a-half percent from the previous year. It’s the best performance since the outbreak of COVID-19. 

For the month of June, however, auto exports slipped five-point-seven percent on-year to 173-thousand-61 units, with their value also sliding two-point-seven percent to three-point-94 billion dollars.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >