News
The International Auto Trade Association (iATA) recently unveiled that 117,269 secondhand vehicles (i.e., passenger cars, cargo freighters, busses and electric vehicles) were exported from Japan in November, increasing 4.5% and posting a year-on-year improvement for two back-to-back months. Increases were registered mainly in those to Kenya, Russia and Mongolia, but those to Sri Lanka, which had continued to grow, plunged.
Looking at vehicle exports in November by destination, the iATA, which had compiled data from Ministry of Finance (MOF) trade statistics, said that those to the United Arab Emirates (UAE) fell 9% from a year earlier to 12,192 units, but managed to enjoy the leading share of the pie. Ranked second place were exports to Kenya, which surged 17.3% to 11,442 units. Marking a double-digit increase for two months in a row, they bumped up a notch. The third largest destination was Russia, to which 9,052 units were exported, jumping 28.3%. Vehicle exports to New Zealand, which finished in second place in October, diminished 12% to 8,915 units, going down to fourth place. Those to Mongolia nearly doubled, skyrocketing 94.9% to 5,445 units and stepping up to seventh. In contrast, exports to Sri Lanka plunged 44.6% to 1,935 units, falling down to 15th place. As no details of tax revisions have been decided on, exporters and importers are taking a wait-and-see stance. Those to Pakistan were as weak, waning 43.6% to 4,550 units and sinking down from fourth to ninth.
In November, the largest year-on-year increases (within the top 30) were marked in exports to (1) the Democratic Republic of the Congo, (2) Thailand, (3) Nigeria, (4) the U.K. and (5) Fiji.
In the first 11 months (January-November), the total of used vehicle exports from Japan amounted to 1,217,606, hiking 3.3% year on year to exceed the 1.2 million-unit-line. The top-five improvements (within the top 30) were made by (1) the Democratic Republic of the Congo, (2) Sri Lanka, (3) Nigeria, (4) Fiji and (5) the U.K.
