Korea's auto exports hit record $72 bil. in 2025

Korea's exports of automobiles reached an all-time high of $72 billion last year thanks to the strong overseas demand for eco-friendly vehicles and used cars, government data showed Thursday. The figure marked a 1.7 percent increase from $70.8 billion in exports in 2024, and a 1.55 percent rise from the previous high of $70.9 billion tallied in 2023, according to the Ministry of Trade, Industry and Resources. It also marked the third consecutive year of the country's annual car exports surpassing the $70 billion threshold. The ministry said the domestic automobile industry faced unfavorable export conditions last year, notably with U.S. tariff measures, but it made the achievement thanks to stronger demand for Korean-made eco-friendly cars and used vehicles. Last year, exports of eco-friendly vehicles, including electric, hydrogen and hybrid cars, grew 11 percent on-year to $25.8 billion. In particular, outbound shipments of hybrid cars surged 30 percent to a record $14.8 billion. Exports of used cars spiked 75.1 percent to an all-time high of $8.87 billion thanks to the brand recognition