South Korean car exports fell 9.1% YoY to $5.4B in July due to decreased demand for eco-friendly vehicles.

South Korean car exports fell 9.1% YoY to $5.4B in July due to decreased demand for eco-friendly vehicles, according to Ministry of Trade, Industry, and Energy. Despite a 2% YoY increase in automotive exports to $42.4B for the first seven months, domestic car sales decreased by 2.7% to 130,000 units in July. Auto parts shipments increased 9.5% to $2.2B.

August 15, 2024
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