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South Korea's auto exports rose 8.6% in August, driven by strong European demand, despite a drop in U.S. shipments.
South Korea's automotive exports rose 8.6% in August to $5.5 billion, marking the third straight month of growth, fueled by strong European demand for eco-friendly vehicles, despite a 15.2% drop in shipments to the U.S.
Exported vehicle volumes increased 5.5% to 200,317 units, while domestic sales rose 8.3% to 138,809 units.
Export prices climbed 0.7% monthly but fell 1.0% annually, while import prices rose 0.3% monthly, driven by a weaker won, though raw material costs dipped slightly.
Overall export volume grew 5.4% year-on-year, led by electronics, while import value declined 3.8%.
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Las exportaciones de automóviles de Corea del Sur aumentaron un 8,6% en agosto, impulsadas por una fuerte demanda europea, a pesar de una caída en los envíos estadounidenses.