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S. Korea's automotive export keeps rising for 6th month in January

SEOUL
2023-02-20 11:17

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SEOUL, Feb. 20 (Xinhua) -- South Korea's automotive export kept rising for the sixth consecutive month last month due to robust demand for eco-friendly vehicles, government data showed Monday.

Car shipment soared 21.9 percent from a year earlier to 4.98 billion U.S. dollars in January, according to the Ministry of Trade, Industry and Energy.

It continued to grow since August last year, marking the highest-ever January figure.

The number of exported vehicles was 200,825 in January, up 11.3 percent from a year earlier.

Export value of eco-friendly cars jumped 42.3 percent to 1.79 billion dollars, while the number of exported eco-friendly vehicles surged 29.8 percent to 57,000. Both figures were record highs last month.

The number of vehicles manufactured in local factories gained 13.2 percent over the year to 306,738 in January on the back of 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 116,565 in January, up 4.7 percent from a year earlier.
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