S.Korea’s automotive export hits 8-year high

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South Korea’s automotive export hit the highest in eight years in the first half of 2022 owing to strong demand for eco-friendly vehicles, government data showed Friday.

Automotive shipment rose 3.2 percent over the year to 24.35 billion U.S. dollars for the first six months of this year, according to the Ministry of Trade, Industry and Energy.

It was the highest in eight years since the first half of 2014 amid growing demand for eco-friendly cars, which took up 30 percent of the total automotive shipment. It was up 8.3 percentage points from a year earlier.

Car export to Asia and Latin America advanced in double figures, but shipments to the European Union declined 9.3 percent in the first half.—Xinhua

 

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