SEOUL, Oct 19 (NNN-YONHAP) – South Korea’s automotive production, export and local sale rose in Sept, showing signs of recovery from the negative effect of the COVID-19 outbreak, a government report showed.
The number of exported cars reached 193,081 in Sept, up 14.8 percent from a year earlier, according to the Ministry of Trade, Industry and Energy.
It was the first rebound since the COVID-19 pandemic roiled global economy. The car export sank 44.6 percent in Apr, 57.5 percent in May, 40.1 percent in June, 9.2 percent in July and 19.5 percent in Aug.
In terms of value, the automobile shipment gained 23.2 percent over the year to 3.8 billion U.S. dollars in Sept.
The number of cars sold in the domestic market was 162,076 in Sept, up 22.2 percent from a year earlier.
Auto production reached 342,489 vehicles here in Sept, up 23.2 percent from a year ago.
Auto parts export expanded 9.4 percent to 1.96 billion dollars in the cited month.– NNN-YONHAP
