April 26, 2024
Automobiles
Korea’s auto exports rise in May
[THE INVESTOR] Korea’s auto exports rose for four months in a row in May, government data showed on June 13.
The total value of vehicles shipped overseas reached US$3.51 billion last month, up 3.6 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.
The number has remained in positive terrain since February when it rebounded to a 5.3 percent rise from a 4.8 percent fall in the previous month.
Total vehicles shipped abroad also climbed 2.1 percent on-year to 221,237 units in May, following a 7 percent gain in the previous month.
Brisk overseas sales led the uptick last month, with US$612 million worth of Korea-made cars sold in the European Union, up 33.2 percent from a year earlier.
Shipments to Middle East countries rose 5.8 percent to US$491 million, and those to Central and South America jumped 13.1 percent to US$284 million.
But exports to North America sank 9.9 percent on-year to $1.4 billion last month, while sales in Asian nations tumbled 26.5 percent to US$169 million.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The total value of vehicles shipped overseas reached US$3.51 billion last month, up 3.6 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.
The number has remained in positive terrain since February when it rebounded to a 5.3 percent rise from a 4.8 percent fall in the previous month.
Total vehicles shipped abroad also climbed 2.1 percent on-year to 221,237 units in May, following a 7 percent gain in the previous month.
Brisk overseas sales led the uptick last month, with US$612 million worth of Korea-made cars sold in the European Union, up 33.2 percent from a year earlier.
Shipments to Middle East countries rose 5.8 percent to US$491 million, and those to Central and South America jumped 13.1 percent to US$284 million.
But exports to North America sank 9.9 percent on-year to $1.4 billion last month, while sales in Asian nations tumbled 26.5 percent to US$169 million.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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