Sun, 07 Mar 2021

SEOUL, Jan. 14 (Xinhua) -- South Korea's automotive export posted a double-digit fall last year due to an economic fallout from the COVID-19 pandemic, a government report showed Thursday.

The number of exported vehicles came to 1.89 million in 2020, down 21.4 percent from the previous year, according to the Ministry of Trade, Industry and Energy.

The COVID-19 outbreak across the world weakened global demand for vehicles.

The automotive export reduced 8.1 percent in the second half, after tumbling 33.9 percent in the first half.

In terms of value, the car export diminished 13.0 percent over the year to 37.43 billion U.S. dollars last year.

The number of vehicles produced in local factories stood at 3.51 million in 2020, down 11.2 percent from the prior year. The car production stayed below 4 million for two straight years.

The number of cars sold in the domestic market increased 5.8 percent to 1.89 million in 2020 owing to a temporary tax cut for vehicle purchase and the launch of new models.

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