News
The International Auto Trade Association (iATA) recently unveiled that a total of 109,507 secondhand vehicles (i.e. passenger cars, cargo carriers and buses) were exported from Japan in May, which surged 14.1% from a year earlier and enjoyed a year-on-year improvement for the seventh consecutive month.
Looking at the month in question’s total by country, 11,692 units were exported to New Zealand, which soared 14% and helped the nation become the leading destination of used vehicles from Japan for two months in a row. Exports to other economies were also brisk across the board, with those to the United Arab Emirates (UAE) going up 2.5% to 10,964 units; to Chile, up 15.7% to 9,064 units; to Pakistan, up 53.8% to 7,088 units; to Russia, up 66.7% to 6,894 units; to Kenya, up 41% to 6,033 units and to South Africa, up 71.4% to 5,124 units. In contrast, Myanmar was the only country in the top 10 list that suffered a year-on-year decline, to which 9,695 units were exported, down 5.7%.
The iATA added in a report that it had compiled from trade statistics released by the Ministry of Finance (MOF) that in the first five months (January-May), exports of used vehicles from Japan swelled 5.7% year on year to 519,860 units.
