China vehicle export sees robust growth
07/07/2025 Market update
1 Minutes

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US-China trade tensions remain a significant barrier

China’s seaborne vehicle exports grew by 28% year-on-year in May to reach 645,000 units, with robust growth across most regions.

Conversely, exports to Russia fell by 77% following the introduction of new “recycling fees,” effectively tariffs designed to protect Russia’s auto industry.

Year-to-date, exports have grown by nearly 20%. At the same time, China’s imports of US vehicles dropped 68% in May and are down 59% for the year. A 90-day freeze on new tariffs between China and the US began on May 14, but existing tariffs remain in place: 25% on large US vehicles and 15% on smaller models.

Major new contract for Wallenius Wilhelmsen announced
In addition, a $580 million contract signed this month by Wallenius Wilhelmsen reinforces long-term demand and highlights the growing importance of ESG-optimized vessels in future PCTC fleet planning.

The PCTC segment continues to capitalize on China’s vigorous export growth, although uncertainties related to trade policies persist.

Sources: Clarksons & Wilhelmsen.




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