Analysis of China's Automobile Export Situation in June 2023

According to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in June 2023, China's automobile export performance was lower than that of the last month, and the export volume of automobiles decreased slightly month-on-month, maintaining a high-speed growth year-on-year.

In June 2023, China's automobile exports reached 411,000 units, with a decrease of 6.3% month-on-month and a year-on-year increase of 65.5%; the total export value of finished vehicles was 7.76 billion US dollars, with a decrease of 14.2% month-on-month and a year-on-year increase of 1.1 times.

In the first half of 2023, China exported 2.341 million complete vehicles, with a year-on-year increase of 76.9%; The export value of complete vehicles reached 46.42 billion US dollars, with a year-on-year increase of 1.1 times.

In June 2023, among the main export models of automobiles in China, pure electric motor vehicles (excluding passenger vehicles with 10 seats and above), sedans, passenger vehicles, and trucks ranked in the top four. Compared with the last month, the export volume of sedans increased slightly, while the export volume of passenger vehicles, pure electric motor vehicles (excluding passenger vehicles with 10 seats and above), and trucks decreased to varying degrees; Compared to the same period last year, the export volume of trucks decreased slightly, while the export volume of the other three major categories showed varying degrees of growth.

In the first half of 2023, among the main export models of automobiles in China, compared to the same period in 2022, the export volume of pure electric motor vehicles, passenger vehicles, sedans, and trucks maintained varying degrees of growth, with the growth rate of pure electric motor vehicles being more significant.

(Note: the above data are from China Association of Automobile Manufacturers)

Translated by; WONDEE Autoparts

2023/8/29