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China’s Bus Export Volume Reached 51,100 Units in H1 in 2023
2023-08-04 Source：www.chinabuses.org
Summarize：
Since the start of 2023, China’s bus export has been growing robustly. According to the latest statistics released by China Association of Automobile Manufacturers (CAAM), the country sold 9,254 units in June, down by 2.31% month on month and up by 74.8% year on year. For the detailed information of the bus export and overall bus market performance in June this year, please refer to Table 1 below.
Table 1 Bus Export & Overall Bus Market in June
Bus Export
Overall Bus Market
Sales in June
9,254
44,300
Month/Month Growth
-2.31%
22.02%
Year/Year Growth
74.8%
30.26%
Table 1 shows that China’s bus export in June outperformed the overall bus market, which can be explained by the following three reasons: 1) China’s bus brands have greatly sharpened their overall competitiveness in the overseas market; 2) China’s bus makers’ overseas investment has gradually shifted from trade and KD trade to direct investment. For example, Yutong-owned factory abroad has already started mass production; 3) China’s bus makers have been making relentless efforts to build their brands. Localized production and marketing not only help China’s bus makers build their brands, but also greatly improve their brand image. Yutong, BYD, Golden Dragon, Higer and King Long have so far established a solid reputation in the global market.
Also in June, the sales volume of large-sized, medium-sized and light buses in the overseas market reached 2,142 units, 968 units and 6,144 units. For the detailed information, please refer to Table 2 below.
Table 2 Export of Different Types of Buses in June
Large-sized buses
Medium-sized buses
Light buses
Bus export in June
2,142
968
6,144
Year/Year Growth
98.89%
140.0%
61.05%
Month/Month Growth
-0.23%
10.13%
-4.7
Export Percentage
23.1%
10.46%
66.4%
From January to June this year, China’s bus export volume reached 51,100 units, up by 95.26% year on year, far above the growth rate of the overall bus market. For the detailed information of the bus export and overall bus market performance in June this year, please refer to Table 3 below. Similarly, the bus export played an essential role in the overall growing trend of the entire bus market.
Table 3 Bus Export & Overall Bus Market from January to June
Bus Export
Overall Bus Market
Sales in Jan.-June
51,100
220,000
Month/Month Growth
2.62%
17.64%
Year/Year Growth
95.26%
24.76%
Also in the first half of this year, the export volume of large-sized, medium-sized and light buses reached 2,142 units, 968 units and 6,144 units. For the detailed information, please refer to Table 4 below.
Table 4 Export of Different Types of Buses in H1 in 2023
Large-sized buses
Medium-sized buses
Light buses
Bus export in Jan.-Jun.
11,500
2,800
36,900
Year/Year Growth
120.0%
48.19%
93.8%
Export Percentage
22.5%
5.48%
72.2%
In terms of the export of new energy buses, China exported 6,535 units in the first half of this year, up by 98.57% year on year. A comparison of new energy bus export and bus export from January to June this year is shown in Table 5 below, which shows that China’s new energy bus export outperformed its bus export by 3.31 percentage points and the percentage of new energy bus export went up by 0.23 percentage point compared with that in the first half of 2022.
Table 5 A Comparison of New Energy Bus Export & Bus Export
New Energy Bus Export
Bus Export
Jan.-Jun., 2023
6,535
51,100
Jan.-Jun., 2022
3,291
26,200
Year/Year Growth
98.57%
95.26%
New Energy Bus Export/Bus Export, Jan.-Jun., 2023
12.79%
100.0%
New Energy Bus Export/Bus Export, Jan.-Jun., 2022
12.56%
100.0%
In June, Russia, Kazakhstan and Vietnam were the top three destinations of China’s buses. From January to June, Peru, Saudi Arabia and Russia were the top three destinations of China’s buses. China’s bus sales in Russia witnessed the fastest growth in both June and the first half of 2023. For detailed information, please refer to Table 6, Table 7 and Table 8.
Table 6 Top 10 Destinations of China’s Bus Export in June, 2023 & 2022
Top 10 Destinations of China’s Buses in June, 2023
Top 10 Destinations of China’s Buses in June, 2022
Top 10
Sales
Top 10
Sales
Russia
530
Peru
1,309
Kazakhstan
449
Chile
334
Vietnam
401
Vietnam
310
Egypt
380
Ecuador
267
Ecuador
366
Egypt
228
Chile
299
Pakistan
210
Peru
273
Philippines
95
Thailand
184
Malaysia
90
Malaysia
178
Russia
89
Saudi Arabia
160
Saudi Arabia
80
Table 7 Top 9 Destinations of China’s Bus Export in H1, 2023 & 2022
Top 9 Destinations of China’s Buses in H1, 2023
Top 9 Destinations of China’s Buses in H1, 2022
Top 10
Sales
Top 10
Sales
Peru
3,436
Egypt
4,053
Saudi Arabia
2,597
Peru
2,573
Russia
2,564
Ecuador
1,149
Vietnam
2,153
Chile
1,020
Mexico
1,570
Vietnam
978
Kazakhstan
1,565
Philippines
762
Ecuador
1,476
Bolivia
732
Uzebekhstan
1,467
South Africa
681
Bolivia
1,124
Kazakhstan
661
Table 8 Changes of Top 10 Destinations of China’s Bus Export in H1, 2023
Top 10
Sales in H1, 2023
Sales in H1, 2022
Y/Y Growth
Market Share
Peru
3,436
3,949
-13.0%
10.59%
Saudi Arabia
2,597
1,868
39.0%
8.00%
Russia
2,564
365
602.0%
7.90%
Vietnam
2,153
4,581
-53.0
6.63%
Mexico
1,570
840
87.0%
4.84%
Kazakhstan
1,565
1,315
19.0%
4.82%
Ecuador
1,476
1,917
-23.0%
4.55%
Uzebekhstan
1,467
492
200.0%
4.55%
Bolivia
1,124
839
34.0%
3.46%
Chile
1,099
2,970
-63.0%
3.39%
Total
32,456
21,259
53.0%
100.0%
From January to May this year, China’s bus export to the Belt & Road countries has reached 28,492 units, accounting for 68.0% of the total bus export in the same period. Table 9 shows the gradual increase of the percentage of bus sales in the Belt & Road countries against China’s overall bus export in the past few years.
Table 9 China’s Bus Sales in Belt & Road Countries from 2018 to 2023
