South Korea’s exports of auto parts to the United States hit a record high last year, data showed, as experts weigh the potential impact of incoming auto tariffs from the United States.

Exports of automotive parts to the US totaled $8.22 billion in 2024, up from $8.08 billion the previous year, according to data compiled by the Korea Auto Industries Cooperative Association.

The figure has been on a steady increase from $6.91 billion in 2021 and $8.03 billion in 2022.

In 2024, shipments to the US accounted for 36.5 percent of the country’s total auto parts exports at $22.55 billion, according to the data.

The European Union was the second-largest destination of South Korean auto parts, accounting for 17.3 percent of overall exports last year, followed by Mexico with 9.5 percent and China with 6.4 percent.

The report comes amid concerns that the Donald Trump administration’s plan to impose 25 percent tariffs on all auto imports may seriously dent South Korea’s exports and auto industry. (Yonhap)