Between January and September 2023, Chinese companies exported more than 3.38 million cars. This is 60% more year after year, writes TASS.
During this time, approximately 18.17 million passenger cars and 2.9 million commercial vehicles rolled off the assembly line in China.
China considers the Russian market as one of the key destinations for automobile exports. Russia ranks first in the world in terms of the volume of purchases of Chinese passenger cars. It accounts for about 14% of Chinese automakers’ foreign sales.
In the first half of 2023, China accounted for about 70% of Russian car imports. According to Chinese customs estimates, during this period cars from China worth $4.6 billion were imported into Russia, 543% more than during the same period in 2022. In 2021, China accounted for 10% of car imports. Russian cars.
Author:
Karina Pardaeva
Source: RB
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