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Russia’s car import decreases by 17% to 520,400 vehicles in January-June

September 15, 2013, 5:07 UTC+3
In January-July, Russia imported 38,500 cars worth 271.4 million U.S. dollars from former Soviet republics and 481,900 cars worth 9.821 billion U.S. dollars
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MOSCOW, September 15 (Itar-Tass) - Russia’s car import dropped by 17 percent in the first seven months of the year, as compared to the same period of 2012, and totalled 520,400 cars total worth 10.093 billion U.S. dollars, the Federal Customs Service said in its regular report made public on September 12.

According to analyst of the Metropol investment financial company (IFC) Andrei Rozhkov, the total reduction of the Russian car market and higher localisation of the foreign-brand car production in the country caused the decline of the kind.

In January-July, Russia imported 38,500 cars worth 271.4 million U.S. dollars from former Soviet republics and 481,900 cars worth 9.821 billion U.S. dollars from the rest of the world.

In the period under review, Russia’s truck import decreased by 26 percent due to the total drop in sales in this segment and amounted to 51,100 units, the Customs Service says, adding that the country’s truck import was estimated at 1.6 billion U.S. dollars. As many as, 1,500 trucks worth 258 million U.S. dollars were imported in Russia from member countries of the Commonwealth of Independent States (CIS) and 49,600 trucks worth 1.342 billion U.S. dollars - from non-CIS countries.

In the first seven months of the year, Russia’s car export grew by 21 percent to 72,000 vehicles worth 474.2 million U.S. dollars, while truck export went up by 33 percent to 13,600 units worth 343.1 million U.S. dollars.

The considerable hike in the car export may be explained by the sale of foreign-designed cars, which are being assembled in Russia. According to Metropol IFC, Russia’s major automaker raised its car export by 13 percent in January-July, while the rest of the growth was formed by foreign brands, which localised their assembly facilities in Russia.

 

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