The latest forecast data for China's motor vehicles exports indicates consistent growth from 2024 to 2028. In 2023, motor vehicles exports stood at $39.82 billion. The forecasts show a gradual increase:
- 2024: $42.02 billion (up 5.5% from 2023)
- 2025: $44.53 billion (up 6.0% from 2024)
- 2026: $47.01 billion (up 5.6% from 2025)
- 2027: $49.47 billion (up 5.2% from 2026)
- 2028: $51.9 billion (up 4.9% from 2027)
Over the last two years (2024-2025), the average annual growth rate (CAGR) stands at approximately 5.3%, projecting robust expansion trends for the period through 2028.
Future trends to watch for include potential impacts of global economic conditions, advancements in electric vehicle technology, and changes in international trade policies. These factors could significantly influence China’s motor vehicle export trajectory.
