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S. Korea's auto exports in first half of 2021 amount to US$ 23.6 bil., up almost 28% Updated: 2021-07-15 13:42:48 KST


The South Korean automobile industry's exports soared in the first half of the year despite a global shortage of semiconductors in the industry.
According to Seoul's trade ministry Thursday, auto exports amounted to some 23.6 billion U.S. dollars a high not seen since the first half of 2014.
Outbound shipments surged almost 28-percent on-year recording double-digit growth for the first time in nine years.
The strong performance was led by sales of eco-friendly cars which spiked more than 37-percent.
The country shipped around 173-thousand units selling more than 5-billion U.S. dollars' worth of vehicles for the first time ever overseas.
( 1) Exports of hybrid cars soared more than 63 percent ( 2) and electric cars almost 14 percent.

As for at home, sales fell around 2-percent due to the base effect but local auto production was up 11.5 percent manufacturing a total of 1.8 million units.
Sales of eco-friendly cars accounted for more than 17-percent of the national total.
This is twice the amount seen in the first half of 2019 before the pandemic struck.
With new models in the works for the second half, including the G80 EV and EV6 the trade ministry says eco-friendly car sales should maintain an upward trend for the time being.
Bae Eun-ji, Arirang News.
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