Imports In 2021, China imported $47.6B in Cars, becoming the 3rd largest importer of Cars in the world. At the same year, Cars was the 6th most imported product in China. China imports Cars primarily from: Germany ($19.5B), Japan ($8.85B), United States ($6.89B), United Kingdom ($4.57B), and Slovakia ($2.16B).
Most of China's imports consist of machinery and apparatus (including semiconductors, computers, and office machines), chemicals, and fuels. The main import sources are Japan, Taiwan, South Korea, Australia, the countries of the European Union (EU), and the United States.
While brands like MG, Great Wall Motor, Haval and LDV have become common on Australian roads, it's not only Chinese manufacturers leading the charge. Australian-delivered Tesla and Polestar electric vehicles are also made in China.
China exported 3.2 million vehicles in 2022, compared to Germany's 2.6 million vehicle exports. China says it has overtaken Japan to emerge as the world's biggest exporter of cars in the first quarter of the year.
United States imports Cars primarily from: Japan ($32.9B), Mexico ($26.7B), Canada ($26.4B), South Korea ($17.6B), and Germany ($13.1B). The fastest growing import markets in Cars for United States between 2020 and 2021 were South Korea ($1.42B), United Kingdom ($693M), and China ($633M).
Imports In 2021, Australia imported $18.8B in Cars, becoming the 9th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Australia. Australia imports Cars primarily from: Japan ($7.17B), South Korea ($2.36B), Thailand ($2.04B), Germany ($1.76B), and China ($1.38B).
Australia is an import-only vehicle market. In 2019, Australia imported and sold c. 1.1 million new vehicles. Australia imports the majority of its vehicles from Japan, Thailand, Germany, and Korea.
Russia is now China's best customer, with almost all major car manufacturers halting production in Russia following the country's invasion of Ukraine. Chinese exports to Russia have tripled in one year, to 140,000 vehicles, with Chery and GWM the greatest beneficiaries.
According to reports, China is now the world's biggest exporter of cars. Credit tariffs, the war in Ukraine, and the changing automotive landscape that have positively affected the country's car production.
Dongfeng-Honda took the top spot as the most reliable car brand in 2022. FAW-Volkswagen Jetta, GAC-Mitsubishi, and Volvo all claimed second place. The top ten most reliable brands in 2022 also included Hongqi, Dongfeng-Fengguang, GAC-Toyota, Cadillac, FAW-Toyota, and FAW-Audi.
A view of the Australian car market in 2022
Currently, there are no cars being completely made in Australia.
The main products that China exported to Australia are Computers ($4.97B), Broadcasting Equipment ($4.09B), and Other Furniture ($1.82B). During the last 26 years the exports of China to Australia have increased at an annualized rate of 13.7%, from $2.5B in 1995 to $70B in 2021.
For iron ore, it remained the largest supplier for China even when relations soured. In 2022, China bought 1.1 billion tonnes of iron ore, 65% of which were from Australia. For Beijing, commodities from Australia are important for its efforts to revive the pandemic-hit economy.
Chinese EV makers can produce vehicles for less because they have lower research and development costs, lower levels of capital spending and lower labour costs than rivals in Europe, Mr Koller said.
Imports In 2021, China imported $47.6B in Cars, becoming the 3rd largest importer of Cars in the world. At the same year, Cars was the 6th most imported product in China. China imports Cars primarily from: Germany ($19.5B), Japan ($8.85B), United States ($6.89B), United Kingdom ($4.57B), and Slovakia ($2.16B).
Car ownership rate in China 2019
According to the survey conducted by Rakuten Insight, about 71.4 percent of the Chinese respondents stated they owned a car.
Yearly Trade
During the last five reported years the exports of China have changed by $1.12T from $2.22T in 2016 to $3.34T in 2021. The most recent exports are led by Broadcasting Equipment ($231B), Computers ($192B), Integrated Circuits ($158B), Office Machine Parts ($101B), and Telephones ($53.9B).
(NewsNation) — China is overtaking countries known for manufacturing, like Germany and the U.S., when it comes to making and selling cars. The car industry is no longer centered in Detroit, also known as the Motor City. Now China is topping the list when it comes to car manufacturing, surpassing the U.S. and Japan.
SAIC Motor Corp Ltd, China FAW Group Co Ltd, BAIC Motor Corporation Ltd, BYD Co Ltd, and Dongfeng Motor Group Co Ltd are the largest 5 automotive OEMs in China in 2021 by revenue.
Australia, once a thriving automotive fiefdom, was ultimately a country too small for domestic production and too expensive for export manufacturing. Fed up with subsidizing companies that could never grow to succeed, the Australian government called their bluff.
Many Toyota vehicles have been built at either Altona or Port Melbourne, including the Tiara, Corona, Crown, Corolla, Camry and Avalon.
When you apply to import a vehicle under the 25-year rule, you have to prove its month/year of manufacture is 25 years ago or more. As with the outgoing pre-1989 rule, you can import any vehicle, but it must comply with basic safety requirements (see 'What compliance requirements are there?'