Due to lower demands in emerging markets, South Korea’s auto exports are expected to drop for the seventh consecutive year in 2019 in terms of volume according to data compiled by the Korea Automobile Manufacturers’ Association (KAMA).

South Korean carmakers shipped 1.98 million units in the first 10 months of the year, a figure which is down 0.4 percent from a year earlier, said the KAMA report.

Since rising to a record of 3.17 million units in 2012, exports have been on a steady decline with the trend likely to continue, reports Yonhap.

Breakdown