The export of vehicles from South Korea saw a significant increase in February 2025, with a surge of 18% year-on-year to US$6.07 billion. This growth was driven by a strong demand for hybrid vehicles in overseas markets, as reported by the Ministry of Trade, Industry and Energy.
In terms of volume, exports rose by 17% to 233,000 units, with a notable increase in the shipment of hybrid vehicles by 62% to 39,489 units, valued at around US$980 million. However, the volume of battery electric vehicles (BEV) experienced a slight decline of 2% to 23,151 units.
The Ministry highlighted robust demand in Asia, the European Union (EU), and the Middle East as contributing factors to the strong growth in exports. Shipments to Asian markets surged by 42% to US$641 million, while exports to the Middle East increased by 38% to US$480 million.
North America remained the largest export market for South Korean-made vehicles, with a nearly 15% increase in value to US$3.18 billion. The US accounted for 85% of these exports, ahead of an anticipated rise in import tariffs in April. Additionally, vehicle shipments to the EU rose by 23% to US$806 million.
Domestically, vehicle sales in South Korea, including imports, rose by almost 15% to 133,000 units in February. The sale of BEVs saw a significant increase, surging fourfold after the government finalized its subsidy plan for the year in January.
As the automotive industry continues to evolve, the export of vehicles from South Korea showcases the country’s competitive edge in the global market. With a focus on hybrid and electric vehicles, South Korea is poised to meet the growing demand for sustainable transportation options worldwide.
