Korean car exports fall 4.7% in Q3 2024, ending two-year growth streak
Published: 31 Oct. 2024, 11:23
![Cars are parked at Yongin, Gyeonggi, on Wednesday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/10/31/925e4f03-01b1-4e83-9402-8532ce373333.jpg)
Cars are parked at Yongin, Gyeonggi, on Wednesday. [YONHAP]
Exports of passenger cars fell for the first time in more than two years in the third quarter of 2024, data showed Thursday.
Korean carmakers shipped $13.96 billion worth of passenger cars during the July-September period, down 4.7 percent from a year earlier, according to the Korea Customs Service.
It marked the first on-year fall since the first quarter of 2022, when car exports inched down 0.6 percent.
Imports rose 12.6 percent to $3.04 billion in the third quarter, the first on-year increase since the fourth quarter of 2023, data showed.
Yonhap
with the Korea JoongAng Daily
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