China Association of Automobile Manufacturers reports September auto exports up 9.8% year-on-year

According to statistics recently released by the China Association of Automobile Manufacturers, imports and exports of automobile products in September this year increased 0.9% from the same month last year to $24.89 billion (approximately 3.8 trillion yen).
Of this, exports increased by 9.8% to $21.03 billion (approximately 3.2 trillion yen). In addition, the total import and export value of automobile products from January to September fell 1.0% from the same period last year to $206.81 billion.
Of this, imports fell 32.9% to $34.26 billion (approximately ¥5.3 trillion), while exports increased 9.3% to $172.55 billion (approximately ¥2.5 trillion).
The data shows that domestic demand for imported car products continues to decline. Regarding the scale of imported cars, imports in 2024 are expected to reach 705,000 units.
This marks the fourth consecutive year of decline. Automobile imports from January to September this year fell 32% compared to the same period last year, and are expected to continue to decline in the future.
In comparison, automobile exports have shown resilience. According to the association, automobile exports in September were down 1.5% from the same month last year.
The total number of new energy vehicles (NEVs) and related industrial chain products in the international market rose 21% to 652,000 units.
It maintains strong competitiveness and development trend.