News
Japan exported a total of 109,878 used vehicles—i.e., passenger cars, cargo carriers and buses—in March, decreasing 5.1% from a year earlier, which was the first year-on-year decline in two months, according to a report released by the International Auto Trade Association (iATA). The Japanese yen had been appreciating for a long time against local currencies in other countries and regions. As a consequence, demand was weak, urging exporters in Japan to do business in severe conditions. In the first quarter (January-March), the total fell 4.9% to 180,690 units.
Looking at secondhand vehicles exported from Japan in March by destination, the iATA report, which had been compiled from trade statistics from the Ministry of Finance (MOF), added that those to the United Arab Emirates (UAE) increased 7.9% from the corresponding month of 2015 to 14,126 units, reaching first place for two months in a row. Exports to Myanmar came in second place, which surged 23.9% to 13,295 units. Ranked third were those to New Zealand, which improved 2.6% to 12,610 units. Fourth place was taken by those to Chile, but quantitatively, they waned 4.6% to 7,419 units. Exports to Pakistan finished in fifth place by soaring 15.4% to 5,041 units.
