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Car exports via Ningbo ports surge by 132% in May

chinadaily.com.cn| Updated:  June 27, 2024 L M S

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Vehicles to be exported from a port located in Ningbo, Zhejiang province. [Photo/Ningbo Daily]

Over 90,000 vehicles, valued at 8.84 billion yuan ($, were exported via Ningbo ports in the first five months of the year, representing year-on-year increases of 39.5 percent and 14.8 percent, respectively, according to data released by Ningbo Customs.

Specifically, in May, 27,000 vehicles worth 2.71 billion yuan were shipped out from the city's ports, year-on-year growth rates of 132 percent and 81.5 percent, respectively.

Notably, countries such as the United Arab Emirates and Belarus have emerged as pivotal export markets, absorbing a substantial quantity of Chinese automotive products. Data indicates that in May, exports to the two nations from Ningbo ports amounted to 530 million yuan and 390 million yuan, up by 50 percent and 182 percent, respectively.

In the same month, exports to Mexico and Turkey also experienced rapid expansion, with export values soaring by factors of 21.3 and 42.6, respectively.

Concurrently, Brazil and Algeria, as burgeoning export markets, provided fertile ground for the export of domestically manufactured cars, showcasing the adaptability and allure of Chinese branded automobiles amidst diverse cultural and market demands.

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