South Korea's Auto Export Grows for 16th Month in October
Car shipment gained 19.8 percent from a year earlier to 5.88 billion U.S. dollars in October, continuing to increase since July last year, according to the Ministry of Trade, Industry and Energy.
The number of exported vehicles was 225,420 in October, up 8.6 percent from a year earlier.
Export for eco-friendly cars soared 21.4 percent to 1.75 billion dollars, keeping an upward trend for the 11th month since December last year. The number of exported such vehicles advanced 7.9 percent to 56,793.
Car export to North America surged 46.9 percent, but auto shipment to the European Union slipped 9.1 percent.
Auto parts shipment shrank 3.7 percent to 1.77 billion dollars in October compared to the same month of last year.
The number of vehicles manufactured in local factories added 3.9 percent to 341,019 last month.
The number of cars sold in South Korea, including locally-made and imported vehicles, stood at 141,350 in October, down 2.1 percent from a year earlier.
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