Automotive industry in China: imports and exports - statistics & facts
China has remained the world’s largest light vehicle manufacturer for more than a decade. In 2019, China accounted for nearly 30 percent of global vehicle production. However, only around three percent of passenger cars produced in China were exported. In 2018, China generated approximately 15.7 billion U.S dollars from its car exports, accounting for 0.6 percent of the total export value that year. The number of exported vehicles fluctuated widely in the past ten years but haven’t seen a breakthrough. The major obstacles Chinese enterprises encountered were the saturated market and shifting foreign trade policies.
This vastly populous nation has also seen a growing demand for luxury cars in recent years and attracts business from many foreign carmakers. In 2019, China imported motor vehicles at a value of over 24 billion euros from Germany, making it Germany’s second-largest car importer, only second to the United States. Car manufacturers in Japan and the United States are also exporting in mass to China. Mercedes-Benz, the most popular exporter of brand cars to China, sold nearly 150 thousand vehicles to Chinese consumers in 2018.
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Research expert covering e-commerce and FMCG in Greater China