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S. Korea's auto export grows for 18th month in December

SEOUL
2024-01-16 15:10

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SEOUL, Jan. 16 (Xinhua) -- South Korea's automotive export grew for the 18th straight month due to robust demand for eco-friendly vehicles, government data showed Tuesday.

Car shipment jumped 17.9 percent from a year earlier to 6.39 billion U.S. dollars in December 2023, continuing to increase since July 2022, according to the Ministry of Trade, Industry and Energy.

The number of exported vehicles was 247,295 in December, up 13.6 percent from a year earlier.

Export for eco-friendly cars surged 27.7 percent to 2.25 billion dollars, keeping an upward trend for the 13th month since December 2022.

Car export to North America soared 48.1 percent, and auto shipment to the European Union (EU) added 7.8 percent.

Auto parts shipment fell 10.7 percent to 1.77 billion dollars in December 2023 compared to the same month of 2022.

The number of vehicles manufactured in local factories gained 4.0 percent to 367,622 last month.

The number of cars sold in South Korea, including locally-made and imported vehicles, was 143,249 in December, down 11.0 percent from a year earlier.
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