Import of Chinese passenger cars to US reaches record high

Import of Chinese passenger cars to US reaches record high Imports of Chinese passenger cars to the US during the eleven months of 2024 reached a record high for this period, according to data from the American statistical agency, Report informs.
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January 14, 2025 10:00
Import of Chinese passenger cars to US reaches record high

Imports of Chinese passenger cars to the US during the eleven months of 2024 reached a record high for this period, according to data from the American statistical agency, Report informs.

Total purchases of passenger cars from China to the US for January - November 2024 amounted to $3.35 billion, which is 65% more compared to the previous year. These figures were the highest for the entire observation period, starting from 1992.

In November, imports amounted to $459.5 million, which is the highest value since August 2024. Compared to November 2023, purchase volumes increased fourfold, and by 15% over the month.

The largest share of imports for the eleven months of 2024 consisted of vehicles with internal combustion engines from 1500 to 3000 cubic centimeters - worth $1.73 billion, as well as snowmobiles, golf carts and similar vehicles - worth $917.8 million, and hybrid vehicles - worth $458.8 million.

During this period, China ranked tenth in passenger car supplies to the US. The top five main suppliers were Mexico ($45.3 billion), Japan ($36.3 billion), South Korea ($34.8 billion), Canada ($26.2 billion), and Germany ($22.7 billion).

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