S.Korea’s automotive production, sale, export fall in March – Macau Business

South Koreas automotive production, sale and export fell last month due to the global supply chain disruption, a government report showed Friday.

The number of cars produced in local factories was 302,161 in March, down 9.5 percent from a year earlier, according to the Ministry of Trade, Industry and Energy.

It was attributed to the disruption of global supply chain, especially semiconductors used to make vehicles.

The domestic sale of locally-made and imported vehicles sank 19.1 percent over the year to 138,647 units in March.

The number of exported cars retreated 7.7 percent to 179,630 last month. In terms of value, the automotive export reduced 9.7 percent to 3.97 billion U.S. dollars.

Solid global demand continued for environmentally-friendly vehicles, the export of which surged 45.5 percent from a year earlier to 41,320 units in March.

The local sale of the environmentally-friendly vehicles jumped 26.8 percent to 38,784 units last month.

Read the rest here:

S.Korea's automotive production, sale, export fall in March - Macau Business