This is a 31.1% increase from the previous record high of $54.1 billion (approximately 8 trillion yen) in 2022. During this period, six domestic finished car manufacturers produced a total of 4.24 million units;
Of these, 1.45 million units were sold domestically, and the remaining 2.77 million units were exported. Automotive semiconductor supply and demand normalizes due to the COVID-19 virus pandemic, and domestic automobile production volume in South Korea has increased compared to the previous year.
This was an increase of 13% compared to the previous year. Production exceeded 4 million units for the first time in five years since 2018. In addition, the number of exports has decreased by 2, due to a reactionary reaction to people refraining from purchasing cars during the spread of the COVID-19 virus.
It increased by 0.3%. Domestic sales volume also increased by 3.3%, marking the first increase in three years. Global sales of six companies in 2023, including production and sales at overseas factories of Hyundai Motors and Kia Motors
The number of vehicles was 8 million, an increase of 11% compared to the previous year. The export unit price per car also hit a record high of $23,000 (approximately 3.38 million yen). The previous high was 20,000 in 2022.
It was $1,000 (approximately 3,090,000 yen). This is due to an increase in the proportion of exports of eco-friendly cars, such as electric cars and hybrid cars, which are relatively more expensive than conventional internal combustion engine cars. Export of eco cars
The amount was 24.2 billion dollars (approximately 3.56 trillion yen), an increase of 51% from the previous year and also a record high. By region, strong performance in the North American and EU markets drove the increase in exports. Export amount to North America
was 37 billion dollars (approximately 5.44 trillion yen), an increase of 44.7% compared to the previous year, and the EU was 10.8 billion dollars (approximately 1.59 trillion yen), an increase of 32.9%. Exports to Asia amounted to 5.7 billion dollars (approximately 840 million dollars).
0 billion yen), an increase of 28.7% compared to the previous year. Although purchasing restraint due to the COVID-19 virus has subsided since the second half of 2023, the trend of increasing exports of Korean cars continues. December 2023
In the same year, exports totaled $6.4 billion (approximately 942 billion yen), an 18% increase compared to the previous year. Last year, the trade balance of the automobile industry recorded a surplus of $55 billion (approximately 8.1 trillion yen), the largest in South Korea.
The country recorded the largest trade surplus among all export items, excluding semiconductors. Domestic sales of imported cars during the same period were 287,586 units, down 3.9% from the same period last year.
The import value was $15.9 billion (approximately 2.34 trillion yen). However, the export value of auto parts was $23 billion (approximately 3.35 trillion yen), a decrease of 1.5% compared to the previous year.
. This is thought to be due to a decline in demand for conventional internal combustion engine vehicle parts due to an increase in the proportion of eco-car exports. The Korean government is implementing various measures this year to continue the strong trend of automobile exports centered on eco-cars.
Develop support measures. Prior to this, Hyundai Motors and Kia Motors announced the extension of temporary investment tax credits in order to smoothly promote the construction of electric vehicle factories in Ulsan and Hwaseong.
I am conducting a long course. In July of this year, in conjunction with the enforcement of the Special Law on Future Auto Parts, policies to support the conversion of existing internal combustion engine parts companies to autonomous driving and electrification will be expanded.
Officials from the Ministry of Trade, Industry and Energy said, ``In order to expand the eco-mobility market and remove obstacles to industrial development, we need to remove eco-mobility regulations.''
``Although the domestic and overseas economic environment is difficult, including a global consumption slump and the conflict between Israel and Hamas, we will make every effort to continue last year's strong export performance this year.''
2024/01/17 07:04 KST
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