samkartech

  China has overtaken Japan to become the world's largest vehicle exporter. According to data released by China's General Administration of Customs (GAC), China's car exports surged by an impressive 58.3 percent in the first quarter of 2023, reaching a total of 1.07 million vehicles. This remarkable growth has propelled China to the forefront of the global automotive export market. The rise of China as a major player in the automotive export industry is a testament to the country's robust manufacturing capabilities and its ability to meet the demand for vehicles worldwide. The total export value of vehicles from January to April 2023 in China stood at a staggering 7.67 trillion yuan, representing a solid 10.6 percent year-on-year increase. This demonstrates the increasing importance of car exports in China's foreign trade structure. A significant contributor to China's vehicle export success is the Waigaoqiao Port in Shanghai, which accounted for 40 per...