Car imports surges in February

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Chart by T.B.

In February, the country imported 9, 650 CBU cars with total import turnover of US$ 203.4 million, up 38.7% in volume and 40.1% in turnover compared to the previous month.

The number of CBU cars imported from Indonesia in February accounted the largest volume with 4,441 cars, accounting for 46% of the country’s imported cars in the month.

However, the price of cars imported from this country is lower than other market, so the total import turnover only reached US$64.4 million, accounting for 31.17% of the country's import turnover.

Cars imported from Thailand achieved the second laregest volume with 3,788 cars, accounting for 39.2% in volume, and the turnover of US$ 76.9 million, accounting for 37.8%.

Thus, the volume of CBU cars imported from the two Southeast Asian markets recorded 8,229 cars, accounting for 85.2% of the country’s total imported CBU cars in the month.

In February, the country only imported 969 CBU cars from China, with a turnover of US$ 35.4 million.

Although there was an upward trend in February, the volume of imported car in the first two months of the year was still lower than the same period in 2023.

By the end of February, the country imported 16,452 CBU cars, reaching US$ 345.15 million of import turnover, reducing 38.5% in volume and 39.7% in turnover year-on-year.