China's automobile exports increased by 23% to 6.41 million units in 2024, while imports decreased by 12% to 700000 units
In 2024, automobile exports increased by 23% to 6.41 million units, while imports decreased by 12% to 700000 units. In 2024, China's automobile exports amounted to 117.4 billion US dollars, accounting for 3.3% of China's total exports. In 2024, China's automobile imports amounted to 39.2 billion US dollars, accounting for 1.5% of China's overall import value.
1, Contribution of automobile import and export
In 2024, China's automobile exports amounted to 117.4 billion US dollars, accounting for 3.3% of China's total exports. In 2024, China's automobile imports amounted to 39.2 billion US dollars, accounting for 1.5% of China's overall import value. In recent years, the proportion of China's imported car trade has decreased from 2.0% to 1.5%, and the proportion of China's automobile exports has increased from 1.7% to 3.3%. China's domestic automobile exports have performed extremely well.
2, Annual trend of automobile exports
In 2024, China's automobile exports reached 6.41 million units, a year-on-year increase of 23%, demonstrating strong export performance. China's automobile exports have achieved a leapfrog development from 1.08 million units in 2020 to 6.41 million units in 2024.
3, Monthly trend of automobile exports
China's automobile exports have shown relatively stable performance in 2024, with overall strong performance in the first half of the year. However, there was relatively high pressure in June and November, with automobile exports reaching a peak of 610000 units in August. In December, there was a relatively strong growth trend again.
4, Monthly trend of automobile export amount
The growth rate of automobile exports is slightly slower than the growth rate of automobile exports. China's automobile exports experienced negative growth in November, but returned to good growth in December.
领英推荐
5, Trend of average price of export?automobiles
The average export price of automobiles will reach 18300 US dollars in 2024 and 19400 US dollars in 2023, a decrease of 1100 US dollars from 2023. Overall, China's automobile exports have shown a significant downward trend in average prices since October 2024, dropping from $19500 in October 2023 to $18300 in 2024. In November, there was also a decrease of over $2000, indicating a decrease in export unit prices in the fourth quarter.
6, Overall trend of automobile imports
China's automobile imports will reach 700000 units by 2024, a year-on-year decrease of 12%, marking the seventh consecutive year of continuous decline since 2017. Overall, the competitiveness of imported cars in China is gradually declining, resulting in a continuous decline in import scale.
7, Trend of Monthly Imported Cars
The overall trend of China's automobile imports in 2024 is relatively stable compared to the period from January to August 2023. But there was a certain downward trend from September to November, and the pressure on imported cars was relatively high in the fourth quarter. This is also due to the EU's erroneous imposition of tariffs on Chinese electric vehicles, the impact of trade fluctuations between China and Europe, and the backlash effect of EU sanctions on Chinese electric vehicles.
8, New energy vehicles in China，EV sales is 7.71 million
China's new energy vehicles continue to grow rapidly, with annual production and sales exceeding 10 million units for the first time, accounting for over 40% of sales, ushering in a new stage of high-quality development, "said Chen Shihua. According to data from the China Association of Automobile Manufacturers, in December 2024, China's new energy vehicles continued to maintain rapid growth, with monthly sales reaching a new high. In the same month, the production and sales of new energy vehicles reached 1.53 million and 1.596 million respectively, with a month on month decrease of 2.3% in production and a month on month increase of 5.6% in sales, a year-on-year increase of 30.5% and 34% respectively. The sales of new energy vehicles accounted for 45.8% of the total sales of new vehicles.
In 2024, the production and sales of new energy vehicles in China reached 12.888 million and 12.866 million respectively, an increase of 34.4% and 35.5% year-on-year. The sales of new energy vehicles accounted for 40.9% of the total sales of new vehicles, an increase of 9.3 percentage points compared to 2023. Among them, the sales of pure electric vehicles accounted for 60% of new energy vehicles, a decrease of 10.4 percentage points from 2023; The sales of plug-in hybrid vehicles account for 40% of new energy vehicles, an increase of 10.4 percentage points from 2023.
Automotive Technologies | China Automotive Industry | Author of The New Road Ahead: Chinese Electric Vehicles Reshaping Global Markets
1 个月Allen, these figures highlight the incredible growth trajectory of China’s automotive industry, particularly in EVs. The surge in exports, coupled with a steady decline in imports, underscores China's strategic focus on becoming not just a manufacturing powerhouse but also a global exporter of advanced technologies. The drop in average export prices, while significant, demonstrates China's ability to scale production efficiently, making EVs accessible to a broader global market. At the same time, the sustained growth in NEV sales, now over 40% of total vehicle sales, reflects how deeply integrated new energy vehicles have become in China's automotive strategy. This is a remarkable case study in long-term planning, supply chain integration, and market adaptation.