South Korea’s Export Results of Automobiles in 2023

South Korea's automobile exports (CBUs only) increased by 20.3% from the previous year to 2,766,271 units in 2023. Overall sales were boosted by orders from developed countries such as North America and Europe, which are the largest export destinations, and which had built up a backlog of orders. In terms of export value, exports increased by 31.5% year on year to 64.6 billion USD, setting a record high for the third consecutive year.