China overtakes Japan as world’s top car exporter
China says it has become the world’s biggest exporter of cars after overtaking Japan in the first three months of the year.
Officials figures released in the last week show China exported 1.07 million vehicles in the period, up 58% compared to the first quarter of 2022.
At the same time Japan’s vehicle exports stood at 954,185, after edging up 6% from a year earlier.
China’s exports were boosted by demand for electric cars and sales to Russia.
Last year, China overtook Germany to become the world’s second largest car exporter.
According to China’s General Administration of Customs, China exported 3.2 million vehicles in 2022, compared to Germany’s 2.6 million vehicle exports.