Seoul, January 30 (QNA) – South Korea’s auto exports jumped 16.4% on-year in 2022 to a record high on the back of the popularity of local brands in the global market and growing demand for eco-friendly vehicles.

The value of exported vehicles came to US$54.1 billion last year, compared with $46.47 billion a year earlier, according to the data compiled on Monday by the South Korean Ministry of Trade, Industry and Energy.

In terms of volume, outbound shipments rose 13.3% on-year to 2.31 million units in 2022.

Global sales of South Korean eco-friendly cars hit an all-time high last year.

A total of 554,000 eco-friendly vehicles, or the largest figure, were sold in the global market last year, up 36.8 percent from the previous year. Their value also advanced 38 percent on-year to a record high of $16.1 billion.

Of them, exports of electric vehicles surged 45.2 percent on-year to 224,000 units. (QNA)


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