Data from CAAM (China Association of Automobile Manufacturers) show that overseas sales of China-made vehicles lost momentum in the first half of 2013 due to depressed demand and appreciation of the Yuan. Compared with H1 2012, shipments fell 0.6% to 486,800.
Exports of passenger cars posted a positive growth of 2.3%, significantly lower than the 38.89% increase achieved last year. For buses and trucks, overseas demand dropped 4.8% to 192,500 units.
Imports contracted at a steeper rate. In the first five months of this year, Chinese bought 423,900 foreign-made automobiles, 17.1% less than a year earlier. In terms of value, imports decreased 21.1% to US$17.53 billion, compared with the US$5.05 billion exports in the same period.
The top-ten exporters of passenger cars in the first five months of 2013 are:
|Rank||Exporter||Exports in the first five months of 2013|