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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Illustration of South Korea's record $709.7 billion exports in 2025, showing Busan Port cargo ships, semiconductors, Seoul skyline, and surging trade graphs.
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South Korea's exports hit record $709.7 billion in 2025

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South Korea's exports reached a record $709.7 billion in 2025, surpassing the $700 billion mark for the first time. The surge was driven by strong semiconductor demand, leading to the largest trade surplus since 2017 at $78 billion. Industry Minister Kim Jung-kwan highlighted the economy's resilience amid global challenges.

Government data shows South Korea's used car exports surged more than 80% year-on-year in the first 11 months, reaching $8.4 billion. While new car exports dipped slightly, overall automobile exports increased by 2%.

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South Korea's exports grew 6.8 percent year-on-year to $43 billion in the first 20 days of December, driven by strong global demand for semiconductors. This marks an all-time high for the period, surpassing last year's record. While car and petroleum shipments declined, the trade surplus expanded to $3.8 billion.

Hyundai Motor and Kia achieved a record combined market share in the United States in 2025, despite aggressive tariff measures from the Trump administration. The success was driven by expanded local production and strong hybrid vehicle sales. The two companies sold a total of 1.84 million vehicles, capturing 11.3% of the market.

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Gaikindo data shows indonesia's complete vehicle exports reached 518.212 units throughout 2025, up 9.7 percent from the previous year. Meanwhile, domestic sales were led by affordable models like the toyota innova and daihatsu gran max.

More than half of economic experts expect South Korea's economic growth to remain in the 1 percent range this year, according to a local survey. The poll, conducted by Southernpost Inc. for the Korea Enterprises Federation (KEF), showed 54 percent of 100 economics professors holding this view. The average forecast stands at 1.8 percent, below the government's 2 percent outlook and the IMF's 1.9 percent projection.

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South Korea posted a record $12.24 billion current account surplus in November 2025—the largest for any November on record—supported by robust exports during a semiconductor upcycle, the Bank of Korea said Friday. This marked a sharp rise from October's $6.81 billion and continued monthly surpluses since May 2023. Building on the record $709.7 billion annual exports reported late last year, the January data underscores the year's exceptional external accounts performance.

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