Exports of Chinese cars to Russia grew more than sevenfold and reached $11.5 billion
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In 2023, China increased exports to Russia of cars and other motor vehicles intended for transporting people by more than seven times, to $11.5 billion. This is reported with reference to data from the General Administration of Customs of China. RBC. In 2022, exports amounted to $1.6 billion.
According to the Chinese Customs Administration, direct deliveries of electric vehicles from China to Russia last year amounted to $262.6 million. In total, 8.5 thousand electric vehicles were delivered to Russia. In 2022, 3.11 thousand electric vehicles worth $53.4 million were exported from China.
Last week, the Chinese Passenger Vehicle Manufacturers Association reported, that in 2023 China became the world’s largest automobile exporter for the first time, surpassing Japan. Exports of passenger cars manufactured in China amounted to a record 3.83 million units, up 62% from a year earlier. Total auto exports from China last year amounted to 5.26 million vehicles—approximately $102 billion.
Read more about prices for Chinese cars in the Kommersant FM article. “Cars are crowded into warehouses”.
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