S. Korea's auto export keeps double-digit growth for 13th month-Xinhua

S. Korea's auto export keeps double-digit growth for 13th month

Source: Xinhua

Editor: huaxia

2023-08-17 10:47:00

SEOUL, Aug. 17 (Xinhua) -- South Korea's automotive export kept a double-digit growth for the 13th straight month due to robust demand for eco-friendly vehicles, government data showed Thursday.

Car shipment jumped 15.0 percent from a year earlier to 5.9 billion U.S. dollars in July, continuing to climb in double figures since July last year, according to the Ministry of Trade, Industry and Energy.

The number of exported vehicles was 228,976 in July, up 2.8 percent from a year earlier.

Export for eco-friendly cars soared 36.0 percent to 2.0 billion dollars, topping 2 billion dollars for the sixth successive month. The number of exported such vehicles gained 10.4 percent to 59,799.

The number of vehicles manufactured in local factories increased 8.8 percent over the year to 352,972 in July.

The number of cars sold in South Korea, including locally-made and imported vehicles, was 136,089 in July, down 5.0 percent from a year earlier.