Asia, Europe, Africa and South America were the four main destination regions for China’s car exports so far this year while a new China-Chile free trade agreement has allowed sales to grow rapidly, according to a half year car export report published by the auto branch of the China Chamber of Commerce for Import and Export of Machinery and Electronics Products (CCCME).
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China’s car export to the four continents amounted to more than 99% of its total export, Asia Pulse reported.
Europe exports accounted for 31% of the total in value an 33% in volume. Russia was the largest car export destination, with US$770m and 50,500 units in the first half of this year, up 70.2% and 30.7% year on year respectively. Russia took 15.4% of China’s total car export value and 13.0% of its total car export volume.
Vietnam ranked second at an export value of $493m and volume of 48,800 units, or 9.8% and 12.6% respectively.
Thanks to the free trade deal, China exported 12,000 cars valued at $80.17m to Chile in the first half of 2008, up 488.2% and 373.2% year on year respectively, Asia Pulse said.
