SEOUL, Oct 18 – South Korea’s car exports increased by 4.9 per cent yer-on-year in September, reaching a new record, data showed on Thursday. This rise is driven by demand for SUVs and electric model, according to the Korean news agency, Yonhap.
The combined value of car shipments reached US$5.5 billion last month, marking the highest amount for any September, according to data compiled by South Korea’s Ministry of Trade, Industry and Energy.
The number of cars shipped totalled 205,574, up 4.4 per cent over the period, the report also showed.
Environmentally-friendly models led the overall growth, with their outbound shipments jumping by 12.3 per cent to reach US$1.96 billion. Exports of hybrid cars, in particular, soared by 75.6 per cent over the period to US$1 billion.
