Spending over US$2 billion to import nearly 100 thousand cars

Structure of imported cars by market, from the beginning of the year to the end of July 2024. Sketched by T.Binh.

In the first half of August (1-15/8), the country imported 6,195 vehicles, with a total value of US$114.66 million. Of which, cars with 9 seats or less accounted for the largest number with 5,509 vehicles, reaching a value of US$89.2 million.

Thus, from the beginning of the year to August 15th, the whole country imported 97,767 completely built-up (CBU) cars, with a total value of over US$2 billion.

Compared to the same period last year, the import volume of cars increased by 16.2% (equivalent to 13,619 vehicles), while the value increased by 1.6%.

In terms of the market, the top three names include: Indonesia, Thailand, and China.

Notably, Indonesia led in terms of import volume with 38,040 vehicles, reaching a value of US$557.3 million (updated to the end of July 2024).

Meanwhile, Thailand ranked second in terms of volume with 32,717 vehicles, while leading in terms of value with US$628.6 million.

With 17,235 vehicles and a value of US$521.65 million, China ranked third in terms of volume but second in terms of value.

With 87,992 vehicles, the top three markets alone accounted for 96% of the total import volume of cars in the country during the same period.