S. Korea's auto exports log double-digit growth in November
Summary
South Korea's automotive exports increased by 13.7% in November, driven by strong demand for eco-friendly vehicles. Shipments to the US, Asia, and Latin America expanded, while auto parts exports declined.
Key Points
- South Korea's automotive exports rose 13.7% to $6.41 billion in November compared to the previous year.
- Shipments of eco-friendly sedans surged 26.3% to $2.32 billion last month.
- Auto exports to the United States increased 5.1% to $2.70 billion, with Asia and Latin America also seeing double-digit growth.
- The number of exported vehicles grew 5.3% to 236,653 units, while auto parts shipments fell 11.2% to $1.57 billion.
