Car imports skyrocket in first half of 2019

Tuesday, Jul 23, 2019 15:22

June saw Viet Nam purchase $291 million of spare car parts, down 18.4 per cent month-on-month. — Photo

Viet Nam imported 75,437 assembled cars in the first six months of 2019, six times more than in the same period last year, according to the General Department of Customs.

The value of imported cars also increased by more than five times from January to June, reaching US$1.63 billion.

Of the imported cars, 54,927 vehicles were nine-seat cars or smaller, up six-fold year-on-year, and 17,879 were trucks, also up more than six-fold.

In June alone, a total of 10,540 cars were imported with a total value of $254 million, a year-on-year increase of 26.5 per cent.

Thailand was the source of most of the imports last month – 7,575 units – followed by Indonesia with 1,468 and China with 653. Viet Nam also imported 274 cars from the Republic of Korea and 150 vehicles from Japan. These five markets accounted for 96 per cent of all vehicle imports into Viet Nam in June.

Viet Nam imported 7,145 cars with nine seats or fewer in June, worth a total of $136.9 million, accounting for 67.8 per cent of its total automobile imports.

There were 2,731 trucks imported worth a total of $77.1 million and 654 vehicles with special purposes worth $40.3 million.

June also saw Viet Nam purchase $291 million worth of spare car parts, down 18.4 per cent month-on-month. Suppliers of parts were mainly from the Republic of Korea, Japan, Thailand, China, Indonesia and Germany. — VNS

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