South Korea's auto exports hit record $72 billion in 2025

South Korea's automobile exports reached an all-time high of $72 billion last year, driven by strong overseas demand for eco-friendly vehicles and used cars. The figure represents a 1.7 percent increase from 2024's $70.8 billion. The government aims to sustain this momentum amid ongoing global trade uncertainties.

South Korea's automobile exports reached an all-time high of $72 billion in 2025, according to data from the Ministry of Trade, Industry and Resources released on Thursday. This marks a 1.7 percent increase from $70.8 billion in 2024 and surpasses the previous record of $70.9 billion set in 2023 by 1.55 percent. It is the third consecutive year that annual car exports have exceeded the $70 billion mark.

Despite facing unfavorable conditions such as U.S. tariff measures, the industry achieved this milestone thanks to robust demand for Korean-made eco-friendly cars and used vehicles. Exports of eco-friendly vehicles, including electric, hydrogen, and hybrid models, rose 11 percent year-on-year to $25.8 billion. Hybrid car shipments, in particular, surged 30 percent to a record $14.8 billion.

Used car exports spiked 75.1 percent to an all-time high of $8.87 billion, bolstered by the strong brand recognition of Korean cars and the weakness of the local currency, the ministry noted. Domestically, automobile production totaled 4.1 million units, topping 4 million for the third straight year. Car sales in the country increased 3.3 percent to 1.68 million units, consisting of 1.36 million Korean-brand vehicles and 320,000 imports.

Eco-friendly car sales advanced 25 percent to 813,000 units, accounting for nearly half of total domestic sales. The ministry stated it will work to maintain the strong export momentum and enhance the automobile industry's fundamental competitiveness in the future mobility sector this year amid persisting global trade uncertainties.

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Photorealistic depiction of South Korea's Busan port with cargo ships carrying semiconductors, overlaid graphs showing record $86.13 billion exports.
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South Korea's March exports hit $86.13 billion, all-time high

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South Korea's exports reached $86.13 billion in March, breaching the $80 billion mark for the first time ever. According to data from the Ministry of Trade, Industry and Resources, this represents a 48.3 percent increase from a year earlier. Record semiconductor shipments drove the surge.

South Korea's exports rose 36.7 percent year-on-year to a record $25.2 billion in the April 1-10 period, fueled by strong semiconductor demand. Korea Customs Service data showed imports up 12.7 percent to $22.1 billion, resulting in a $3.1 billion trade surplus.

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South Korea's exports exceeded $85.89 billion in April, topping $80 billion for the second consecutive month. The figure jumped 48 percent from a year earlier, driven by robust semiconductor shipments. The trade surplus reached $23.77 billion, marking the second straight month above $20 billion.

Hyundai Motor and Kia are expected to report lackluster first-quarter earnings compared to last year due to US tariffs and a weaker Korean won. A market analysis of securities firms' forecasts shows Hyundai projecting sales of 45.89 trillion won and operating profit of 2.78 trillion won. Kia anticipates sales of 29.62 trillion won with operating profit down 22.6%.

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South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).

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