Vehicles Export of South Korea in 2024: Valuable Outputs of the Top Trade Partners

South Korea’s vehicle exports have come across a recent shift in 2024. The surge in hybrid vehicle demand and the increasing global interest in environment-friendly vehicles have recorded a significant hike in the overall exports of South Korea. The anticipation of U.S. import tariffs and the increasing effectiveness of South Korean manufacturers to counter the acquired shipments from the trade firms have been proceeding in an upward manner towards conquering the global trade demands. South Korea Import Data says that the vulnerable performance of the government initiatives supporting the production capability of the manufacturing units and the subsidies implemented for the efficient generation of eco-friendly vehicles has been stimulating both the domestic production and export activities, countering the solidifying position of the nation in the international trade market.

The efficient production capability of the automotive industries of South Korea and the growing global trade demands of vehicles from the trade firms have made the country introduce divergent variants of global necessities in its overall supply, which has resulted in an export value of vehicles worth 98 billion US dollars in 2024. Import Globals with its South Korea trade data highlights the categorized regional shipments of vehicles from the transportation ports of South Korea to the targeted destination states to help the business holders understand the potential trade strategies followed for utmost progressive growth in their future trade reach.

THE LEADING VARIANTS OF VEHICLE EXPORTS FROM SOUTH KOREA IN 2024

South Korea, being a crucial player in the global automotive industry, has started with divergent variants of its efficient productivity in the global trade rate. According to the South Korea Export Data, the top 10 variants of vehicles exported from the nation in 2024 are,

  1. Hyundai Sonata — The annual valuation of the Hyundai Sonata exported from South Korea in 2024–32 billion US dollars.
  2. Kia Sportage- The annual valuation of the Kia Sportage exported from South Korea in 2024–28 billion US dollars
  3. SsangYong Korando — The annual valuation of the SsangYong Korando exported from South Korea in 2024–22 billion US dollars
  4. Hyundai Grandeur/Azera- The annual valuation of the Hyundai Grandeur/Azera exported from South Korea in 2024–15 billion US dollars
  5. Kia Carnival/Sedona- The annual valuation of the Kia Carnival/Sedona exported from South Korea in 2024–12 billion US dollars
  6. Hyundai Kona — The annual valuation of the Hyundai Kona exported from South Korea in 2024–8 billion US dollars
  7. Kia Soul- The annual valuation of the Kia Soul exported from South Korea in 2024–6 billion US dollars.
  8. SsangYong Actyon Sports — The annual valuation of the SsangYong Actyon Sports exported from South Korea in 2024–5 billion US dollars
  9. Hyundai Palisade — The annual valuation of the Hyundai Palisade exported from South Korea in 2024–3 billion US dollars
  10. Renault Samsung SM6- The annual valuation of the Renault Samsung SM6 exported from South Korea in 2024–2 billion US dollars

THE TOP EXPORT TRADE PARTNERS OF SOUTH KOREA FOR VEHICLES IN 2024

As a step towards solidifying the global trade position of South Korea, the country has started exporting its domestic-manufactured vehicles with different leading trade destination estates to counter the annual valuation. According to the South Korea Customs Data, the top 10 export trade partners with which the nation trades most of its vehicles produced in 2024 are,

  1. United States — The annual valuation of the vehicles exported from South Korea to the United States in 2024–31 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Hyundai Sonata

b. Hyundai Elantra

c. Hyundai Accent

d. Hyundai i30

e. Kia K5

2. Germany- The annual valuation of the vehicles exported from South Korea to Germany in 2024–22 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Kia Forte

b. Kia Rio

c. Kia Stinger

d. Genesis G70

e. Genesis G80

3. China- The annual valuation of the vehicles exported from South Korea to China in 2024–18 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Genesis G90

b. Hyundai Grandeur

c. Kia Cadenza

d. Hyundai Verna

e. Kia Picanto

4. Japan- The annual valuation of the vehicles exported from South Korea to Japan in 2024–15 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Hyundai Tucson

b. Hyundai Santa Fe

c. Hyundai Palisade

d. Hyundai Venue

e. Kia Sportage

5. Mexico- The annual valuation of the vehicles exported from South Korea to Mexico in 2024–12 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Kia Sorento

b. Kia Seltos

c. Kia Soul

d. Kia Telluride

e. Hyundai Bayon

6. Canada- The annual valuation of the vehicles exported from South Korea to Canada in 2024–9 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Genesis GV60

b. Genesis GV70

c. Genesis GV80

d. Hyundai Ioniq 5

e. Hyundai Ioniq 6

7. United Kingdom- The annual valuation of the vehicles exported from South Korea to the United Kingdom in 2024–8 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Hyundai Kona Electric

b. Kia EV6

c. Kia EV9

d. Kia Niro EV

e. Genesis Electrified G80

8. Australia- The annual valuation of the vehicles exported from South Korea to Australia in 2024–6 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Genesis Electrified GV70

b. Genesis GV60 Electric

c. Hyundai Sonata Hybrid

d. Hyundai Tucson Hybrid

e. Hyundai Santa Fe Hybrid

9. Russia- The annual valuation of the vehicles exported from South Korea to Russia in 2024–4 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Kia Sorento Hybrid

b. Kia Sportage Hybrid

c. Kia Niro Hybrid

d. Hyundai Kona Hybrid

e. Kia Optima Hybrid

10. Chile- The annual valuation of the vehicles exported from South Korea to Chile in 2024–3 billion US dollars

Top 5 exported variants of vehicles in 2024

a. Genesis G70 Shooting Brake

b. Genesis G90 Limousine

c. Genesis GV80 Coupe

d. Hyundai Santa Cruz

e. Kia Mojave

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