(MENAFN) South Korea's vehicle exports declined for five straight months till March on the back of waning demand from emerging markets amid fast-dropping commodity prices.
According to the Ministry of Trade, outbound shipments of automobiles touched a total of 263,197 units over the prior month, down 4.6 percent from 275,999 units tallied a year earlier.
In more detail, the March figure narrowed from 8.1 percent on-year deterioration in February and an 18.8 percent slump in January, the fastest decrease since October 2010.
Meanwhile, total output by 5 local carmakers led by industry leader Hyundai raised 0.2 percent on-year in March to 415,175 units from 414,313 mainly due to brisk local demand.
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