According to reports, the Ministry of Trade, Industry and Energy of South Korea (Ministry of Industry) released data on "2024 Automotive Industry Trends," indicating that South Korea's automobile export value is expected to reach $70.8 billion in 2024, marking the second highest record in history. Despite a slight decrease of 0.1% year-on-year, this marks the second consecutive year of exceeding $70 billion. Analysis suggests that although the global demand for electric vehicles has temporarily slowed, the export of hybrid vehicles has surged, supporting the overall positive trend of automobile exports. Specifically, the export value of new energy vehicles decreased by 4.1% year-on-year, amounting to $23.212 billion. Among this, the export value of hybrid vehicles surged by 45.8%, reaching $11.3 billion.
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韩国2024年汽车出口额创历史第二高纪录
South Korea's automobile export value in 2024 has reached the second highest record in history.
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