April U.S. auto exports fell nearly 20% y/y on tariff impact

Korea's auto exports to the U.S. tumbled some 20 percent in April on year.

Findings by the Trade Ministry released on this Tuesday show auto shipments to the U.S. amounted to almost 2-point-9 billion U.S. dollars last month DOWN 19-point-6 percent on year.

This latest performance is being linked to U.S. tariffs and the launch of a new Hyundai Motor Group plant in the state of Georgia.

Meanwhile TOTAL auto exports in April was also DOWN nearly four percent on year at 6-point-5 billion U.S. dollars.

But here at home car sales rose 6-point-7 percent last month on year driven by demand for electric and hybrid vehicles.