China leads way in imports of new passenger cars into Russia

At the end of 2022, China became the leader among the countries importing cars to Russia: new car imports from China increased by 40 per cent during the year, exceeding 117,000 units, the Federal Customs Service told RIA Novosti.

“In 2022, the largest number of cars were imported from China. In total, more than 117,000 new cars were imported, almost 40 per cent more than last year,” the ministry said, News Unrolled reports.

According to data published by the Avtostat analytical agency in January, sales of new passenger cars in Russia in 2022 amounted to 626.3 thousand units, down 59 per cent compared to the previous year. About 30 per cent of this amount fell to domestic brands, followed by Korean brands with a total sales share of 19.5 per cent in Russia.

Chinese manufacturers closed the top three: they accounted for 19.2 per cent of new passenger car sales. They surpassed the Europeans, who occupied 18.5 per cent of the Russian market last year.