South Korea set a new car export record of $37bn in H1 2024, a 3.8% YoY increase from 2023.
South Korea set a record with $37bn in car exports in H1 2024, up 3.8% YoY from 2023 (previous record $35.65bn), due to a 46.5% increase in 2023 and four consecutive years of positive YoY growth. Car exports to US rose by 29.8% while EU decreased by 30%. Exports of electric vehicles declined by 17.5%, while hybrid and internal combustion engine models grew 19.5% and 7.2% respectively.
July 07, 2024
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