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Auto exports jump 53 percent on base effect, economic recovery


Auto exports jump 53 percent on base effect, economic recovery
Posted : 2021-05-16 11:24
Updated : 2021-05-16 11:24
Hyundai Motor Company s Palisades to be exported to Republic of the Congo move into a cargo ship at Pyeongtaek harbor in Gyeonggi Province, May 15. Courtesy of Hyundai Motor Company
South Korea s exports of automobiles jumped nearly 53 percent on-year in April, data showed Sunday, on the back of the global economic recovery coupled with a base effect.
The country s outbound shipments of automobiles reached 188,293 units in April, according to the Ministry of Trade, Industry and Energy. In terms of value, exports shot up 73.4 percent as South Korea sold more premium models. ....

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South Korea's exports of electric vehicles shoot up 66 percent in 2020: report


Posted : 2021-01-31 11:39
Hyundai s KONA Electric. Courtesy of Hyundai Motor Company
South Korea s exports of electric vehicles (EVs) advanced nearly 66 percent on-year in 2020, data showed Sunday, despite the overall slump in the automobile industry amid the COVID-19 pandemic.
Outbound shipments of EVs came to US$3.9 billion in 2020, marking the first time for the volume to surpass that of hybrid cars, whose exports came to $2.5 billion last year, according to the data compiled by the Korea International Trade Association.
EVs accounted for more than half of the combined outbound shipments of eco-friendly cars, which were estimated at $7.1 billion.
Europe was the largest destination for South Korea s eco-friendly cars, taking up 68 percent of the total. ....

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