(MENAFN) South Korea's automobile exports dropped sharply in April from a year earlier amid a continued economic slowdown in most advanced and emerging markets, Yonhap News reported.
Last month, the country shipped 282,019 units, a decline of 6 percent from the same month a year earlier, figures by the South Korean Ministry of Trade, Industry and Energy showed.
The country's overall auto production decreased by 2.2 percent on-year to 424,402 cars in April as the large cut in exports more than offset a 2.7 percent gain in domestic sales.
"Despite a rise in shipments to the US, the country's exports dropped 6 percent in April amid a growing global competition due to a weak Japanese yen and the euro," the ministry said.
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