H. Yoo
Research expert covering South Korea
Automotive industry in China: imports and exports - statistics & facts
China has remained the world’s largest light vehicle manufacturer for more than a decade. In 2019, China accounted for nearly 30 percent of global vehicle production. However, only around three percent of passenger cars produced in China were exported. In 2018, China generated approximately 15.7 billion U.S dollars from its car exports, accounting for 0.6 percent of the total export value that year. The number of exported vehicles fluctuated widely in the past ten years but haven’t seen a breakthrough. The major obstacles Chinese enterprises encountered were the saturated market and shifting foreign trade policies.
