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South Korea’s car exports grew 35.9% year-on-year in August: Report
According to the data released by the South Korean 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.
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Moreover, 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.
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.