Hyundai Motor Warns of Export Disruptions Amid Middle East - News Summed Up

Hyundai Motor Warns of Export Disruptions Amid Middle East


Hyundai Motor Sees Export Disruptions as Middle East Conflict Hits Shipping RoutesImpact of Middle East Conflict on Hyundai Motor's Export OperationsBy Daewoung KimExport Disruptions and Supply Chain StrainsPYEONGTAEK, South Korea, April 3 (Reuters) - Hyundai Motor said on Friday that exports to Europe and North Africa, which typically transit through the Middle East, were being disrupted by the conflict in the region, underscoring growing strains on global supply chains. The company said that while routes to North America's west and east coasts have not been significantly affected so far, restricted access to the Middle East and higher fuel costs were hampering operations and efficiency. Last month, Reuters reported that some used car exports from Japan were unable to enter Sri Lanka as ports became congested with cargo diverted from Dubai amid the Middle East conflict. Export Data and Market PerformanceSouth Korea's exports in March posted their strongest growth in nearly four decades, but shipments to the Middle East fell 49%. Shares of Hyundai Motor and Hyundai Glovis closed down 1.2% and 0.7%, respectively, on Friday versus benchmark KOSPI's 2.7% rise.


Source: The North Africa Journal April 03, 2026 19:33 UTC



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