Overview In February 2024 China's Cars exports accounted up to $5.82B and imports accounted up to $2.59B, resulting in a positive trade balance of $3.24B. Between February 2023 and February 2024 the exports of China's Cars have increased by $533M (10.1%) from $5.29B to $5.82B, while imports decreased by $-365M (-12.4%) from $2.95B to $2.59B.
Destinations In February 2024, Cars were exported mostly to Russia ($659M), Belgium ($435M), United Kingdom ($422M), Brazil ($414M), and Mexico ($320M), and were imported mostly from Germany ($685M), United States ($623M), Japan ($575M), Slovakia ($250M), and United Kingdom ($195M).
Growth In February 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Spain ($395M or 23.8k%), United Kingdom ($277M or 81%), and Thailand ($182M or 427%). In February 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from United States ($-726M or -50.7%), Japan ($-511M or -52.2%), and Germany ($-202M or -13.6%).