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S. Korea's auto exports climb 1.6 pct in Nov.

All News 11:00 December 13, 2018

SEOUL, Dec. 13 (Yonhap) -- South Korea's automobile exports increased last month over the same period a year ago, led by upbeat sales in North America and Europe, government data showed Thursday.

Outbound shipments of vehicles reached 238,357 units worth US$3.97 billion in November, a 2.3 percent surge from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.

Shipments to North America, a major auto market, inched up 0.2 percent on-year to $1.66 billion, and those to European Union member countries rose 3.3 percent to $746 million, the data showed.

Sales of hybrid cars and electric vehicles both jumped about 23 percent over the period, boosting the overall sales of eco-friendly cars in the global market.

Exports of auto parts, however, edged down 0.6 percent on-year to $1.95 billion, due to sluggish sales in Asia and the Middle East, the data showed.

The number of cars produced in the country gained 2.2 percent to 390, 573 units in November.

Domestic sales of vehicles contracted 0.4 percent on-year to 162,748 units in the one-month period.

Sales of home-grown brands fell 0.7 percent to 138,612 units, while those of foreign brands rose 1.6 percent to 15,776 units.

Eco-friendly cars, including hydrogen fuel cell cars, electric vehicles and hybrids, saw strong sales in the home market, marking a 35.5 percent growth to 15,776 units.

Vehicles are lined up at Pyeongtaek Port, west of Seoul, on Sept. 21, 2018, before being shipped overseas. (Yonhap)


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