S. Korean Car Exports Rebound for First Time in 2 Years in Q4
S. Korean Car Exports Rebound for First Time in 2 Years in Q4
Seoul - QNA
South Korea's passenger car exports made a turnaround in the fourth quarter of last year for the first time in more than two years on the back of rebounding oil prices, the latest customs data showed Tuesday.
The total value of exported vehicles reached US$10.73 billion in the October-December period, up 0.2 % from $10.7 billion a year earlier, according to the data compiled by the Korea Customs Service (KCS).
It is the first time that the quarterly figure finished in positive terrain since the third quarter of 2014, when it gained 2.4 % on-year.
The number of units of exported cars, however, edged down 0.7 % on-year to 769,000 in the final quarter of last year.
For all of 2016, South Korea saw its exports of passenger cars tumble 10.4 % on-year to $36.5 billion, with the country's entire exports retreating 6.4 %.
By country, shipments to Canada soared 46.3 % on-year, and those to Germany and Russia jumped 10.9 % and 38.8 %, respectively, over the cited period.
But exports to the United States, the largest importer of South Korean cars, shrank 11.1 % on-year, while shipments to Saudi Arabia and Britain fell 24.5 % and 15.2 %, respectively.
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:56 2018 Merkel policies in focus in final debate on draft German budget
- Thursday ,08 November GMT 14:11 2018 Greek minister, Russian ambassador discuss possible investment projects
- Wednesday ,07 November GMT 11:15 2018 Top U.S. diplomat visits Pakistan to discuss economic cooperation
- Thursday ,01 November GMT 13:53 2018 Alrosa to sell 127 large gem-quality rough diamonds at an auction in Israel
- Tuesday ,30 October GMT 10:59 2018 Trade turnover between Russia and Japan grows by over 17% in 2018
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 22:32 2015 Monday ,02 February
Algerian poets at International Poetry Festival in Tunisia
GMT 13:26 2018 Wednesday ,12 December
Russian activist Butina allegedly agrees to plead guilty to conspiracy
GMT 12:10 2017 Friday ,07 April
Bundesliga hot-shots face off in Germany's 'Klassiker'
GMT 12:27 2017 Friday ,24 March
Iran’s Soleimani must be brought to justice
GMT 21:36 2018 Thursday ,13 December
Yemen's warring sides agree on ceasefire in embattled Hodeida
GMT 01:27 2016 Tuesday ,20 September
New Tech Could Read Books without Opening Them
GMT 11:12 2016 Wednesday ,07 December
US,China must have close, friendly relationship
GMT 19:30 2016 Wednesday ,12 October
Iranian woman faces imminent execution after “unfair trial“
GMT 18:36 2017 Monday ,14 August
Defense minister, chief of staff meet Jordanian military officialGMT 22:44 2011 Wednesday ,23 February
Clashes in Greece at anti-austerity demo
GMT 21:25 2017 Thursday ,20 April
Sisi receives US defence secretary
GMT 05:26 2015 Sunday ,08 February
2 killed, 2 injured in car accident in Kafr al-Sheikh
GMT 18:33 2017 Sunday ,02 July
View Jebel Jais from a whole new angle
GMT 08:19 2018 Friday ,19 January
Airbus gets early 2018 jump on rival Boeing
GMT 17:56 2017 Wednesday ,22 February
SEC, PCMC sign agreement to reduce carbon emissionsGMT 14:12 2011 Tuesday ,15 November
Hong Kong seizes record haul of rhino horns
GMT 13:14 2015 Sunday ,29 March
Hendricks wows in detachable gownGMT 08:33 2012 Thursday ,23 February
Canon G1 X
GMT 19:09 2017 Saturday ,29 July
Nasr in Romania to promote investment in Egypt
GMT 07:12 2017 Tuesday ,28 November
Dawood happy for participating in Cairo Festival
GMT 19:34 2015 Tuesday ,09 June
Egypt hails IAEA's support for nuclear energy programme
GMT 23:24 2015 Thursday ,25 June
2 drinking water stations to be set up in Qalubiya town
GMT 00:24 2017 Monday ,03 April
3 shot dead in Mexican resort of Cancun
GMT 20:44 2017 Monday ,01 May
CAPMAS: Volume of labor force rose to 28.934 mln in 2016
GMT 13:31 2017 Thursday ,03 August
Abe poised to reshuffle Cabinet as support slides
GMT 02:42 2015 Thursday ,06 August
All security measures taken to safeguard New Suez Canal inauguration
GMT 17:22 2017 Saturday ,22 April
Olympique Khouribga’s coach promises to win coming match
GMT 16:04 2016 Friday ,18 November
Shyamalan: 'I definitely feel like an outsider'
GMT 20:36 2017 Tuesday ,14 March
Libya and Nigeria still on slow oil recovery pathGMT 21:51 2011 Wednesday ,17 August
Tintin and the Iraqi kingGMT 07:24 2012 Friday ,23 November
Ministers take ‘Union Tree’ initiative ahead
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor