April 27, 2024
Automobiles
Korea’s auto exports surge in Sept.
[THE INVESTOR] Korea’s exports of automobiles jumped nearly 60 percent last month from a year earlier, government data showed on Oct. 18.
The total value of vehicles shipped overseas reached US$3.82 billion in September, up 57.6 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.
The number of vehicles sold abroad also soared 45.3 percent on-year to 226,479 units last month, marking the highest monthly increase since April this year.
The ministry attributed the brisk overseas sales to strong performances in big markets like North America and Europe.
A total of US$1.4 billion worth of vehicles were sold in North America in August, up 52.7 percent from a year earlier, while shipments to the European Union shot up 120.9 percent on-year to US$806 million.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The total value of vehicles shipped overseas reached US$3.82 billion in September, up 57.6 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.
The number of vehicles sold abroad also soared 45.3 percent on-year to 226,479 units last month, marking the highest monthly increase since April this year.
The ministry attributed the brisk overseas sales to strong performances in big markets like North America and Europe.
A total of US$1.4 billion worth of vehicles were sold in North America in August, up 52.7 percent from a year earlier, while shipments to the European Union shot up 120.9 percent on-year to US$806 million.
By Alex Lee and newswires (alexlee@heraldcorp.com)
