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S. Korea's car export hits record high in 2022

SEOUL
2023-01-30 15:25

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SEOUL, Jan. 30 (Xinhua) -- South Korea's automotive export hit a fresh record high last year due to robust demand for eco-friendly vehicles, government data showed on Monday.

Car shipment advanced 16.4 percent over the year to 54.1 billion U.S. dollars in 2022, topping 50 billion U.S. dollars for the first time, according to the Ministry of Trade, Industry and Energy.

The number of exported vehicles expanded 13.3 percent to 2,311,904 last year.

Export for eco-friendly cars jumped 38.0 percent to 16.1 billion U.S. dollars, while the number of exported such vehicles surged 36.8 percent to 554,019. Both figures recorded highs last year.

The number of vehicles manufactured in local factories climbed 8.5 percent over the year to 3,757,065 in 2022 amid the eased supply disruption of semiconductors used to make cars.

The number of cars sold in South Korea, including locally-made and imported vehicles, was 1,684,299 in 2022, down 2.4 percent from the previous year.
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