Taking the above results into account, imports of CBU vehicles totaled 96,239 units in the first eight months of this year, with a turnover of $2.25 billion. But the number of imported cars was still down 8.8 percent and turnover down 4 percent compared to the same period in 2021.
According to the General Administration of Customs, China's largest auto import markets are located in Asia, including Indonesia, Thailand and China. In particular, car imports from Indonesia alone reached 10,360 units in August, enabling the country to overtake Thailand as Vietnam's largest car supplier in the first eight months of this year. By the end of August, Indonesia imported 38,469 vehicles to Vietnam, with a turnover of $556 million. Thailand had 37,748 vehicles with a turnover of US $749.3 million, while China had 13,198 vehicles with a turnover of US $535.87 million. Imports from the Chinese market also surged in 2021, reaching 22,750 units, up 207% from 2020.
What are the 13,200 cars China exported to Vietnam?
Vehicles imported from China to Vietnam through the border port of Cao Bang Province
So far, the car ownership of the above three major markets is 90,136, accounting for 93.66% of the total imported CBU cars in China.
Vehicles imported from China are mainly trucks and special purpose vehicles. As a result, the average price of cars imported from this market is also higher than the average price of cars imported from other Asian markets. Vehicles imported from China to Vietnam are mainly roads. During the eight months of the year, the number of cars imported from China to Vietnam through the Dalong Customs Branch (Cao Banghai Pass) reached nearly 10,000 during a period of up to six months at Cao Bang Customs. Among them, the three months of March, April and May had the highest customs clearance volume of 3,078, 3,335 and 1,360, respectively. In particular, imported CBU cars contributed nearly 2 trillion dong to the provincial customs budget revenue, accounting for 90% of the total budget revenue of Caobang Customs in 8 months this year.
Previously, CBU cars imported from China through the northern border land border crossing were mainly cleared at the Huu Nghi International border crossing (Lang Son Province Customs Office). However, starting from the end of 2021, the import and export through Huu Nghi port encountered difficulties due to the impact of China's COVID-19 epidemic control policies, leading companies to divert automobile imports to the port. Dalong International (Cao Bang).
Apart from CBU cars, it is worth noting that the group of Vietnamese auto parts imported from China has increased dramatically in recent years. In the first half of August, Vietnam imported nearly $749 million of auto parts from China, up 33 percent year on year, ranking second in Vietnam's parts import market. Vietnam; Top of the list was South Korea, with turnover of $878.66 million, up about 11% year on year; Third was Thailand, with $535.6 million, down 8 percent year on year. This follows July, when Vietnam imported $120 million from South Korea, $111 million from China, $80 million from Thailand and $78 million from Japan.
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