From January to November 2023, the General Administration of Customs of China reported a remarkable surge in the export of Chinese light vehicles to Kazakhstan. The figures revealed a staggering 5.4-fold increase in this period, underlining the strengthening trade ties between the two nations.
China surpassed Japan and Germany to become the world’s top vehicle exporter for the first time in the first quarter of this year, exporting 1.069 million vehicles. (Source: CarNewsChina)
China Export of Light Vehicle Expansion
In specific numbers, China exported a total of 81,500 light vehicles to Kazakhstan during the eleven months under consideration. This substantial growth is indicative of the rising demand for Chinese automobiles in the Kazakh market. The financial aspect of this surge is equally notable, with the dollar equivalent of car imports experiencing a significant 7.1-fold increase, reaching an impressive $1.4 billion. This substantial rise in the value of car imports further underscores the economic significance of the automotive trade between China and Kazakhstan.
Notably, the average China export price for Chinese cars also witnessed a noteworthy increase, growing by one-third to reach $17,300. This suggests not only an increase in the quantity of vehicles exported but also an enhancement in the overall value of the exported automobiles. The data reflects a positive trend for China’s automotive industry, signaling an expanding market presence in Kazakhstan. Additionally, for Kazakhstan, this surge in imports signifies a growing preference for Chinese vehicles, possibly driven by factors such as competitive pricing, quality, or specific features that appeal to the Kazakh consumer base. As China continues to strengthen its economic ties and expand its export footprint, the substantial increase in the export of light vehicles to Kazakhstan serves as a notable development in the ongoing trade dynamics between the two countries.
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