Auto exports rise 16.8% in Sept. on robust demand for eco-friendly cars: data

Korea's auto exports increased 16.8 percent from a year earlier in September, driven by robust demand for eco-friendly cars in Europe and Asia, data showed Monday. The value of outbound shipments of automobiles came to $6.41 billion last month, the highest figure for any September, according to the data from the Ministry of Trade, Industry and Resources. In terms of volume, exports gained 11 percent on-year to 228,000 vehicles. The value of accumulated auto exports from January to September reached an all-time high of $54.1 billion. The ministry said demand for Korean cars went up in major regions, except for North America, where Korean cars are currently subject to 25 percent tariffs by the administration of U.S. President Donald Trump. Exports to the European Union surged 52.8 percent on-year to $958 million in September, while shipments to Asia spiked 62.3 percent to $823 million. Shipments to North America, however, shrank 5.3 percent to $2.8 billion, with exports to the U.S. dipping 7.5 percent to $2.4 billion. By type, exports of eco-friendly cars, such as electric vehicles (EVs), hybWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times