Car exports fell by 10.5% in October due to fewer working days
South Korea announced that auto exports fell by 10.5% from a year ago in October, largely due to fewer work days due to the Chuseok holiday. extended.
The South Korean news agency “Yonhap” reported Today, Thursday, the value of automobile exports reached 5.5 billion US dollars last month, compared to 6.2 billion dollars in the same month last year, according to data from the Ministry of Trade, Industry and Resources.
On the other hand, the value of accumulated automobile exports from January to October reached its highest level ever at 59.6 billion dollars.
The ministry said in its statement, Exports in October were weak due to the Chuseok holiday. which fell in early October, in contrast to 2024 when the traditional holiday fell in September, which jumped by 16.8% year-on-year. On Korean cars.
Exports to the European Union fell by 2.1% to $746 million last month, and shipments to the Middle East fell by 13.5% to $403 million.
On the other hand, exports to Asia rose by 42% year-on-year to $802 million, while exports to Latin America rose by 23.7% to $290 million.
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