Data released by South Korea’s Ministry of Trade, Industry, and Energy show that thanks to the increase in demand for environmentally friendly vehicles, including electric vehicles, South Korea’s car exports in August increased by 35.9% year-on-year.
According to data from the Ministry of Trade, Industry, and Energy of South Korea, South Korea exported 168,155 vehicles in August, with an export value of US$4.12 billion, the highest in August since the sector had export data.
South Korea's auto export volume and value rose sharply in August year-on-year, thanks to strong demand for environmentally friendly vehicles.
Data from the Korean Ministry of Trade, Industry, and Energy shows that in August, the export of environmentally friendly vehicles was 40,215, a year-on-year increase of 47%; the export value was 1.22 billion US dollars, a year-on-year increase of 45.7%.
Judging from the published data, environmentally friendly vehicles, including electric vehicles, have accounted for an important proportion of South Korea's exports, accounting for 29.6% of the export value in August.
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