Auto exports jump 53 percent on base effect, economic recovery
Posted : 2021-05-16 11:24
Updated : 2021-05-16 11:24
Hyundai Motor Company s Palisades to be exported to Republic of the Congo move into a cargo ship at Pyeongtaek harbor in Gyeonggi Province, May 15. Courtesy of Hyundai Motor Company
South Korea s exports of automobiles jumped nearly 53 percent on-year in April, data showed Sunday, on the back of the global economic recovery coupled with a base effect.
The country s outbound shipments of automobiles reached 188,293 units in April, according to the Ministry of Trade, Industry and Energy. In terms of value, exports shot up 73.4 percent as South Korea sold more premium models.