Analysis of China's Automobile Exports in May 2023

According to statistics and analysis by the China Association of Automobile Manufacturers, China's automobile exports continued to grow rapidly in May 2023.

In May 2023, China's automobile companies exported 389,000 vehicles, with an increase of 3.4% month-on-month and 58.7% yea-on-year.

From January to May 2023, China's automobile companies exported 1.758 million vehicles, with a year-on-year increase of 81.5%.

In May 2023, China exported 325,000 passenger vehicles this month, with an increase of 3.1% month-on-month and 66.3% year-on-year.

From January to May 2023, China exported 1.467 million passenger vehicles, with a year-on-year increase of 96.6%.

In May 2023, China exported 63,000 commercial vehicles, with an increase of 5.2% month-on-month and 28.6% year-on-year.

From January to May 2023, China exported 291,000 commercial vehicles, with a year-on-year increase of 30.9%.

In May 2023, China's export of new energy vehicles reached 108,000 units, with a month-on-month increase of 7.9% and with a year-on-year increase of 1.5 times.

From January to May 2023, China exported 457,000 new energy vehicles, with a year-on-year increase of 1.6 times.

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

Translated by; WONDEE Autoparts

2023/7/3