South Korea's auto exports in February reached 171 billion yuan, a record high in a single month.

(Schematic, European News Agency)

[Financial Channel/Comprehensive Report] Korean media reported that South Korea’s export volume in February increased by nearly 50% compared with the same period last year, and hit a record high level in a single month, thanks to the outstanding sales of new energy vehicles.

"Yonhap News Agency" reported that according to data released by South Korea's Ministry of Industry, Trade and Resources today (20th), South Korea's auto exports in February were US$5.6 billion (about NT$171 billion), a substantial increase of 47.1% over the same period last year. 2 months and a new monthly high.

Please read on...

In terms of export volume, South Korea's auto exports in February increased by 34.8% compared with the same period last year, reaching 223,000 vehicles, setting a record for South Korea since May 2019 (225,000 vehicles).

The report pointed out that among the automobile exports in February, the export performance of new energy vehicles was the most eye-catching.

According to data, South Korea's export of new energy vehicles in February increased by 83.4% compared with the same period last year to US$2.02 billion (approximately NT$61.7 billion), and the export volume also increased by 61.6% compared with the same period last year to 63,000 vehicles. The highest monthly record in history.

As for production, the report pointed out that due to the alleviation of the shortage of automotive chips, South Korea produced a total of 343,575 vehicles in February, an increase of 30.2% from the same period last year to 344,000 vehicles.

In terms of domestic demand, South Korea's domestic sales in February increased by 19.6% compared with the same period last year to 147,000 units, of which sales of new energy vehicles increased by 32.1% to 45,000 units.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news