News
A total of 111,457 used vehicles (i.e., passenger cars, cargo carriers and buses) were exported from Japan in October, which rose 3.5% from a year earlier and enjoyed a year-on-year increase for 12 months in a row, or since November last year, according to a report unveiled by the International Auto Trade Association (iATA). In the 10 months from January, exports of such vehicles amounted to 1,066,498 units in total, soaring 11% year on year and already exceeding the one-million-unit-a-year line.
Looking at the top 10 destinations in October, the IATA reports, which had been compiled from statistical data on trade provided by the Ministry of Finance (MOF), indicated that exports to Kenya, which finished in seventh place, decreased 7.8% to 6,415 units. Those to Myanmar, which will impose a total ban on imports of right-hand-drive car next year, plunged 51.8% to 4,732 units, coming in eighth. Shipments to the destinations were all robust, growing year on year.
The top destination was New Zealand, to which 12,170 secondhand vehicles were exported, surging 19.4%. Ranked second were those to the United Arab Emirates (UAE), to which 1,873 units were exported, which improved 8.4%. They were followed by those to Pakistan, which jumped 44.5% to 8,000 units. Exports to Chile ballooned 30.9% to 7,658 units, helping the nation come in fourth place.
The fifth largest destination was Russia, to which Japan exported 7,644 used vehicles, swelling 25.7%. Coming in sixth place, those to South Africa surged 37.9% to 7,480 units. Exports to Tanzania, which finished in ninth, were more powerful, growing 40% to 4,610 units. At the bottom of the top 10 list was Jamaica, to which 3,301 units were exported, increasing 18%. Double-digit improvements were registered for seven of the eight destinations, to which exports of secondhand vehicles from Japan increased year on year in October.
