China closes gap with Japan after 2022 car exports surpass Germany with 54.4 per cent surge to 3.11 million vehicles
- Exports accounted for 11.5 per cent of mainland China’s total 2022 production of 27 million vehicles, according to a manufacturers’ association
- Electric-car shipments surged 120 per cent year on year to 679,000
China has surpassed Germany to become the world’s second-largest car exporter after mainland exports jumped 54.4 per cent year on year to 3.11 million vehicles in 2022, according to the China Association of Automobile Manufacturers (CAAM).
The nation is also closing in on Japan’s export volume, and is likely to clinch the title of the world’s top car exporter in the coming few years, analysts said.
According to MarkLines, an auto industry data provider, Japanese carmakers shipped 3.2 million vehicles abroad in the first 11 months of 2022, almost unchanged from a year earlier.
In 2021, Japan exported 3.82 million cars, and it is expected to post a year-on-year decline once its full-year results are tallied.
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Germany exported 2.61 million cars last year, up 10 per cent from 2021, according to the German Association of the Automotive Industry (VDA).