China overtakes German as 2nd largest auto exporter in 2022

In 2022, automakers in China exported 3.47 million vehicles, up 55 percent from 2021, of which 1.12 million units were NEVs.

Data from the auto industry body showed automobile exports of China for the first time topped 300,000 units, and the total exports in 2022 exceeded Germany, just next to Japan, the top car exporter in the world with 3.70  million exported in 2022.

China fast made major strides in auto exports during the past two decades. Back to 2002, Germany and Japan each exported more than 1 million vehicles out of the worldwide exports of 22.1 million units, according to the International Organization of Motor Vehicle Manufactures (OICA). In comparison, CAAM reported China’s exports that year only reached 43,100 units. The U.K. industry media outlet Just-Auto said China first exported more than 2 million vehicles in the year 2021, and with the exports of 2.015 million vehicles, the country was ranked the third across the globe, behind Japan and Germany, which had exports of 3.82 million units and 2.3 million units respectively.

Among others, new energy vehicles (NEVs), the sector including battery electric vehicles and plug-in hybrid electric vehicles, were proved to be the major engine for the whole industry. 

Source: Cuidongshu, CAAM

Thundering exports: China’s auto exports jump 54% to $26 Billion

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