China, "the world's leading vehicle exporter"
Being the leading automobile industry, China has emerged as the top vehicle exporter in the world. China has replaced Japan as the leading vehicle exporter. According to the China import export data reports, China vehicle exports reached over $27 billion dollars during the financial year 2022. China's vehicle exports are increasing over 75% year on year. The latest China customs data records suggests that China accounted for 2.21% more shipments as compared to Japan. During the same period, Japan has exported over 2 million units with over 15% increase. In 2022, China had shipped over 3.4 million units. The forecast for this year suggests that China’s vehicle exports and shipments could cross record 5 million units. European countries are the most favoured destinations for China's vehicle exports. As per China export data , Belgium was the top buyer of China's vehicles with exports worth over $3 billion during 2022. The United Kingdom, United States, Saudi Arabia and ...