China's Automobile Export Situation in March 2023

According to the data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in March 2023, China's automobile exports performed better than last month, with a relatively fast increase in the volume of automobile exports compared to the same period last year.

In March 2023, China's automobile exports increased by 19.4% month on month and 1.6 times year-on-year; China's export value increased by 7.9% month on month and 2.5 times year-on-year.

In the first quarter of 2023, China's automobile exports increased by 1.5 times year-on-year; The export value of Chinese complete vehicles increased by 2.4 times year-on-year.

In March 2023, among the main export models of Chinese automobiles, pure electric motor vehicles (excluding passenger cars with 10 seats and above), sedans, passenger cars, and trucks ranked in the top four in terms of export volume. Compared with the previous month, the export volume of the four major categories showed varying degrees of growth; Compared with the same period last year, the export volume of the four major categories mentioned above has shown rapid growth.

In the first quarter of 2023, compared to the same period last year, the four main export categories of pure electric motor vehicles, passenger cars, sedans, and cargo vehicles in China still maintained rapid 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

2023/5/8