China's car imports down 9 percent in 2023
19.02.2024
At the end of 2023, the volume of imported cars in China decreased by 9% year-on-year to 799,000 units, according to the General Administration of Customs of the PRC.
The total volume of imported cars in value terms amounted to $47.05 billion. The total value of imported vehicles amounted to US$47.05 billion, down 11.6 percent from 2022.
The number of sedans, SUVs and vans imported into China in 2023 decreased year-on-year.
Meanwhile, in December last year, China's car imports rose 25.6 percent year-on-year to 80,000 units, and total imported cars reached US$4.31 billion in value, up 22.7 percent year-on-year. The total value of imported automobiles reached US$4.31 billion, up 22.7 percent year-on-year.