South Korean car exports fall in the first half of the year

As the report was abundant, this was due to lower sales in the United States and the productive increase of South Korean mills outside of this Asian nation. stated by the communication were the poor returns achieved in important markets such as the Middle East and Latin America.

Similarly, parts sales abroad registered a 2.4 percent decline and placed the profits of this concept in 11 thousand 920 million dollars, the report added.

Vehicle production in the Asian country also declined in the first half of 2018 with a drop of 7.3 percent.

The report reflects the fact that this factor had an impact on the closure of the manufacture of certain models intended for the foreign market of General Motors Korea.

Moreover, in the South Korean domestic market, vehicle sales remained at a similar level. the previous year, with just over 900 thousand units sold, mainly because of the increase in the sale of imported cars.

As recently reported by the Association of Importers and Automobile Dealers of this nation, six out of 10 cars purchased by South Korea came from Germany.

Between the months of January and June, South Korea exported one million 222 thousand 528 vehicles for a total of 20 thousand 250 million dollars, the report added.

mem / ifs