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S.Korea's automotive export falls 3.2 pct in October
Last Updated: 2020-11-16 10:31 | Xinhua
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South Korea's automotive export turned downward last month on fewer business days, a government report showed Monday.

The number of local vehicles exported aboard was 200,666 in October, down 3.2 percent from a year ago, according to the Ministry of Trade, Industry and Energy.

It was attributable to fewer working days. The number of business days in October reduced by two days compared to a year earlier.

The country's car export rebounded 14.8 percent in September from a year earlier, after recording declines of 44.6 percent in April, 57.5 percent in May, 40.1 percent in June, 11.7 percent in July and 19.5 percent in August each.

The daily average automotive export, which excludes the business day effect, increased 7.0 percent over the year to 10,561 units in October.

The number of cars produced in local factories was 336,279 in October, down 4.3 percent from a year ago.

The number of vehicles sold in the domestic market rose 1.7 percent over the year to 160,151 in October owing to demand for newly launched models.

Meanwhile, auto parts export declined 9.3 percent from a year earlier to 1.81 billion dollars in October. Enditem

(Editor:Fu Bo)

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S.Korea's automotive export falls 3.2 pct in October
Source:Xinhua | 2020-11-16 10:31
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