S. Korea's auto exports record all-time high of US$ 35.7 bil. in first half of 2023
올해 상반기 자동차 수출액 357억 달러로 역대 최고 친환경차 수출 호조세 지속 The global electric vehicle boom has boosted South Korea's auto exports.to new heights in the first half of this year. Our Moon Hye-ryeon has the details. South Korea’s auto industry recorded an exports boom for the first half of the year hitting an all-time high on the back of the rising popularity of eco-friendly vehicles. Data from the Ministry of Trade, Industry and Energy on Monday showed that the total value of auto exports amounted to 35-point-7 billion U.S. dollars for the January to June period this year. This is the highest related figure ever recorded, beating the previous record of 25-point-2 billion dollars set in 2014. And combined with the value of outbound auto parts, the total surpassed 47 billion dollars – meaning that the country is well on track to meet its 80 billion dollar goal for the end of this year. The ministry attributed this to the rising popularity of so-called eco-friendly vehicles such as electric and hybrid cars, which saw more than a 70 percent rise in total export value compared to the same period last year. 385 thousand of these cars were sold, meaning that around a quarter of all outbound cars were in the eco-friendly category. June alone saw the second-highest export value of green cars in history and marked the fifth consecutive month in which sales exceeded the two billion dollar mark. The popularity of electric vehicles was seen most prominently in the United States and in Europe, with Hyundai Motor’s IONIQ 5 and 6 electric vehicles selling out at record rates. Last week, the firm reported that sales in the UK had reached the highest level since 2018. Car production was also restored to 2019's pre-COVID-19 capacity, along with the supply of chips and various parts – more than two million units were produced during the first half of the year. Meanwhile, auto sales within South Korea were up by around 10 percent compared to the same period last year. 894 thousand cars were sold, with the vast majority of those being domestically produced cars. South Korea has seen a rising preference for cars from domestic firms over foreign imports, with domestic car sales rising by over eight percent on-year while foreign car sales fell by over three percent. Eco-friendly cars accounted for just under a third of total sales, and hybrid cars were the most popular – selling over 177 thousand units and making up nearly 67 percent of total eco-friendly car sales. Moon Hye-ryeon, Arirang News. #SouthKorea #Auto_exports #Eco_friendly_car #Export #EV #자동차 #수출 #전기차 #친환경_자동차 #Arirang_News #아리랑뉴스 📣 Facebook : / arirangtvnews 📣 Twitter : / arirangtvnews 📣 Homepage : https://v2.arirang.com/ 2023-07-17, 12:00 (KST)
