South Korea’s car exports hit a record high in November on strong demand for premium electric cars in the US market, data showed.

The combined value of car exports reached $6.53 billion in November, marking an all-time-high monthly figure, according to the Ministry of Trade, Industry and Energy.

Over the January-November period, the combined car exports came to $64.5 billion, also setting a new record for the period, it added. The ministry anticipated the annual automobile shipments to hover above $70 billion for the first time this year.

North America was the No. 1 export destination for South Korean cars last month, with sales jumping 51.1 percent to $3.98 billion. (Yonhap)