Chinese Auto Exports Dipped to 486,800 in H1 2013

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
1 Chery 58,511
2 Geely 41,093
3 Shanghai-GM 32,270
4 Lifan 22,145
5 Great Wall 19,948

6

JAC 14,138
7 Honda China 9,667
8 BYD 8,588
9 Brilliance 8,200
10 SGMW 5,728