22 Hrs
Source:
البلاد
South Korean car exports fall amid strikes
South Korean car exports declined by 29.8% in August, recording their lowest level in years due to fewer working days and production losses caused by strikes. The value of exports dropped to $3.85 billion compared to $5.49 billion the previous year, with vehicle shipments decreasing by 26.9% to 146,000 units. Exports to all major markets were also affected, including North America (-28.2%), Europe (-16.8%), and Asia (-41.9%). Domestically, vehicle sales fell by 20.8% to 110,000 units, while local production decreased by 35.8% to 206,000 vehicles. This decline is attributed to reduced working days due to summer holidays and strikes, and it is expected to impact the automotive industry in the upcoming period.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)