Korean Auto Parts Export Hiked to USD24.6 Billion in 2012

2013-04-29

 According to the data released by Korea International Trade Association (KITA), the export of Korean auto parts in 2012 reached USD24.6 billion. KITA stated that due to the global strong demand for Korean cars last year, the export of Korean auto parts was also increasing. Since the overseas factory establishment of Hyudai, Kia, and other Korean car manufacturers in 2000, the export of auto parts has been growing steadily. In 2012, top 5 largest Korean car manufacturers exported 3.17 million of cars abroad (with the total value of USD4.363 billion). North America represented the biggest share of the export (17.4% up to 905,000 units over the same period.)