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Home News Automotive

Central Asia emerging as South Korea’s new used car export market

NEWSROOM by NEWSROOM
August 22, 2024
in Automotive, Central Asia
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Hyundai Motor vehicles for export are loaded onto a car carrier ship at a seaport in Ulsan, South Korea
Hyundai Motor vehicles for export are loaded onto a car carrier ship at a seaport in Ulsan, South Korea

South Korea’s export volume of secondhand vehicles to Central Asia is increasing for an unexpected reason: Russia.

According to the Korea International Trade Association (KITA) on Wednesday, Korea’s monthly used car exports to Kyrgyzstan stood at 4,251 units on average in 2023, a threefold increase from 1,939 vehicles the year prior.

And growth is accelerating this year.

In June, Korea shipped 5,970 used vehicles to Kyrgyzstan – a 16-fold increase…



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