China's Truck Export Rose by 23% YOY to 36272 Units in January to April
Sales of Chinese brand trucks abroad were up nearly 23%, reaching 36272 units in April, according to Chinese customs data. While in the first four months, its combined export volume reached 135819 units, an increase of more than 30 percent year-on-year, which is much better when compared to the overall truck market that saw a 62 percent year-over-year drop.
Comparison between truck export market and overall truck market in April, 2022
From the table above, it can be seen that the truck export market grew by 23% year-on-year from January to April 2022 to 36272 units, far beyond the overall truck market which went down by 62 percent.
From January to April this year, a total of 135,819 trucks were exported, with a year-on-year growth of 30%, outperforming the overall truck market by nearly 71 percentage points (-41%).
Thus, the YOY export growth both in April and first four months, 2022 went far beyond the overall market, becoming a backbone for curbing the overall market downturn.
Based on the customs data, significant changes have taken place in China’s truck export in recent years as below.
In April, the number of trucks exported in April reached 36272 units, a five-year high, according to the table above. While the 23 percent growth achieved in April over the previous year, is the second largest increase in the past five years.
From January to April, the number of trucks exported abroad reached a five-year high of 135819 units with the five-year third highest increase of 30 percent YoY growth in the first four months.
Quantity and proportion of each segment by tons in April, 2022
Vehicles with weight less than or equal to 5 tons accounted for the largest share of 64.6 percent and 68.3% respectively in April and Jan-April. This indicated that the global demand for light-duty trucks is increasing because they are mostly used in logistics and delivery sectors.
Heavy-duty trucks (including vehicles weighing 14 tons or more) ranked the second with a market share of 20.5 percent and 17.42% in April and Jan-April, with the majority of the vehicles operating as long-haul road freight trucks or express trucks.
Medium trucks (vehicles weighing less than or equal to 14 tons greater than 5 tons) came to the third place, representing 11.23% and 10.91 percent of the exported vehicles. Most of them were used as special-purpose vehicles for logistics and sanitation vehicles.
Others mainly went to special vehicles, which got the least share of 3.67% and 3.37% respectively in April and Jan.-April.
As seen in the above table, 23631 diesel trucks were exported in April and 90697 units in the first four months of 2022, accounting for nearly 65.15% and 66.8% of the total exports of trucks. They are followed by petrol-fuelled trucks with 11302 units exported in April and 40507 units in Jan.-April, accounting for 31.16% and 29.8% of the total, followed by purely electric trucks with 1188 units exported in April and 1939 units in the first four months, accounting for 3.28% and 1.43% of the total, and plug-in hybrid truck has the lowest number of exports, only 18 units in April and 50 in Jan.-April, accounting for a negligible 0.05% and 0.04%. There were 133 units in April and 2626 units exported trucks in Jan.-April with a power type not yet known, representing 0.31% and 1.9% respectively of the total.
In this way, it seems that diesel-powered trucks are still the most favored in overseas countries; while new energy trucks, including pure electric and plug-in hybrid, are still relatively few, indicating that new energy trucks are not widely promoted in the current overseas market.
Quantity, proportion and market share of TOP10 exporting countries
In the first four months, 2022, the top ten countries and regions to which Chinese trucks were exported included:
Chile is the country with the largest number of trucks imported from China, and the only one to exceed 20000 units (a 82% jump year-on-year), with a market share of 17.28%. This is something China trucks depend on for a significant increase in Jan.-April, 2022.
The second highest export destination country is Vietnam, which imported 12292 units, with an increase of 24% YOY and market share of 9.05%.
Vietnam has the third-largest number, with an export volume of 11457 units, representing a year-on-year increase of 580% and a market share of 8.44%.
The Philippines has the fourth-largest number, with an export volume of 6549 units, up 15% year-on-year, and a market share of 4.82%.
Australia has the fifth-largest number, with an export volume of 5959 units, representing a market share of 4.39% and down 27% YOY.
Colombia ranked in the sixth place with a market share of 3.91%, to which 5314 China trucks were imported, up 37% year-on-year.
Russia comes to the seventh place, to which 5311 China trucks were imported, with a 219% jump year-on-year and a market share of 3.91%.
The eighth place went to Ecuador, to which 5110 China trucks were exported, with a 30% increase year-on-year and a market share of 3.76%.
Saudi Arabia ranked in the ninth place and imported 4747 trucks from China, up 57% year-on-year and accounting for 3.5% of the total market share.
Peru ranked in the tenth place and imported 4135 units from China, down 6% year-on-year and accounting for 3.05% of the total market share.
Overall, the TOP10 export destination countries have all registered a year-on-year growth, with Mexico seeing the fastest growth and Australia seeing the largest decline. The TOP10 export destination countries together accounted for a market share of 62.1%.
At present, China trucks are mainly exported to economically underdeveloped countries and regions. While in the developed European countries, China trucks still do not have a competitive advantage.
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C&C Trucks Co., Ltd.
C&C Trucks Co , Ltd (C&C Trucks), located in Sanshan Economic Development Zone, Wuhu, Anhui Province, a holding company under China International Marine Containers (Group) Co , Ltd (CIMC), is a large heavy truck enterprise integrating the research and development, production
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