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China H1 commercial vehicle export down 6.38 percent

China exported 182,600 commercial vehicles in the first half, a decrease of 6.38 percent, according to the latest statistics of CCPIT-Auto.

All export segments, especially 10-seat and above buses, witnessed decline except trailers, which almost doubled in the first six months. Top 10 export destinations are all developing countries, with three of them owning export volume of over 10,000 units, namely Vietnam, Algeria and Myanmar. Exports to Vietnam grew 200 percent in the first half, which made the country a light spot in the export market.

Export revenue totaled $4.74 billion, up 9.53 percent, indicating a higher-level export structure.

Buses with 10 seats and above posted export of 31,300 units, down 20.34 percent. Bus export revenue dropped 2.83 percent to $1.13 billion.

Truck export slid 9.94 percent to 121,700 units with export revenue of $1.97 billion, up 4.25 percent.

The country exported 19,400 trailers in the first half, up 85.46 percent with revenue reaching $779 million, an increase of 82.05 percent.

Export of special-purpose vehicles was down 2.26 percent to 8,500 units, while export revenue was up 0.23 percent to $813 million.

Top 10 commercial vehicle export destinations in H1 2015 (in units)

Rank

Country

Export Volume

% Change

1

Vietnam

41,051

200.54

2

Algeria

21,757

-37.62

3

Myanmar

10,508

-1.22

4

Egypt

6,877

-16.53

5

Philippines

5,681

49.23

6

Iran

5,276

77.11

7

Peru

5,165

-0.58

8

Chile

4,939

0.1

9

Venezuela

4,939

33.74

10

Saudi Arabia

4,447

10.62

 

In the import market, China imported 5,100 commercial vehicles through to June, down 34.11 percent. Import revenue dropped 30.14 percent to $465 million.

Import of buses of 10 seats and above totaled 508 units, down 18.72 percent with import revenue of $29 million, a decrease of 24.69 percent.

Import volume and revenue of trucks slumped 55.17 and 57.06 percent to 2,400 units and $168 million respectively. 

Trailer import remained the only one in the spotlight by reaching 1,000 units with revenue of $98 million, up 13.46 and 17.06 percent.

Import volume and revenue of special-purpose vehicles fell 15.45 and 26.56 percent to 104 units and $64 million.

The U.S., Sweden and Germany were the top 3 import destination countries with import volume exceeding 1,000 units each in the first half. However, import from the U.S. reduced 50 percent on a yearly basis. 

Top 10 commercial vehicle import destinations in H1 2015 (in units)

Rank

Country

Import Volume

% Change

1

U.S.

1,710

-54.88

2

Sweden

1,105

14.75

3

Germany

1,090

-41.24

4

Japan

358

-32.2

5

Malaysia

238

124.53

6

U.K.

179

132.47

7

Austria

69

23.21

8

Portugal

45

104.55

9

France

36

227.27

10

Italy

31

181.82

 

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