China's Q1 automobile exports up 16% y/y, industry official says

China’s automobile exports jump 16% in early 2024

Robert Besser
26 Apr 2025, 15:58 GMT+10

China's Q1 automobile exports up 16% y/y, industry official says

China’s automobile exports rose sharply in the first quarter of 2024, with 1.54 million vehicles shipped abroad, marking a 16 percent increase from the same period last year, according to an industry official
China Passenger Car Association (CPCA) Secretary General Cui Dongshu said in a WeChat post that exports reached 570,000 units in March alone, up 16 percent year-on-year
Commenting on the latest figures, VTmarkets noted that these trends are not simple fluctuations but rather anchored in consistent industrial output

BEIJING, China: China's automobile exports rose sharply in the first quarter of 2024, with 1.54 million vehicles shipped abroad, marking a 16 percent increase from the same period last year, according to an industry official.

China Passenger Car Association (CPCA) Secretary General Cui Dongshu said in a WeChat post that exports reached 570,000 units in March alone, up 16 percent year-on-year.

Commenting on the latest figures, VTmarkets noted, "From our perspective, these trends are not simple fluctuations but rather anchored in consistent industrial output. Looking more deeply, it suggests that Chinese producers are managing to remain competitive on pricing and production timelines, even as pressures from raw input costs and logistics persist across other regions.

"The monthly data provides a more immediate pulse. 570,000 vehicles leaving the country in March alone shows momentum isn't slowing. That rate matches the overall quarterly growth, pointing to an uninterrupted pace of shipping and production. When we map that onto futures and options pricing models for commodities like steel, rubber and lithium, it becomes clearer how demand expectations are feeding forward into price curves."