Again, China’s vaunted export machine received a black eye: China imported more cars in 2010 than it exported. Of the 18.27 million cars China produced in2010, a pittance of 2.98 percent left the country according to statistics released by China Association of Automobile Manufacturers (CAAM) via China Autoweb.
China exported 544,900 units in 2010. 282,900 of those were passenger cars, 261,900 were commercial vehicles. Total export value of the passenger vehicles was $1.66 billion, the dollar total of the commercial vehicles was $4.75 billion. That amounts to an average price of $5,868 per passenger car and $18,137 per commercial vehicle. This illustrates that only very low cost cars have some luck abroad. The higher value of commercial vehicles is skewed by heavy Chinese trucks and buses which see some success in 3rd world countries.
Here are the largest exporters:
Main Chinese Car Exporters 2010
These five companies account for 55 percent of China’s exports – with relative chickenfeed.
On the buy side, 650,000 foreign cars were imported, an increase of 84 percent, reports Gasgoo. More than half of the imported cars are luxury SUVs. It could have been more if the suppliers would have been able to keep up with the demand. 2010 was defined by “difficulties in purchasing foreign luxury cars,” Sun Yong, vice general manager of the China Automobile Trading Company, said. Many who ordered their X6 or Q7 last year will wait many months until they will finally get it.
No import values are known yet. Take a guess: Mercedes-Benz, BMW and Lexus are the top three imported brands.