Used vehicle exports from Japan have entered the recovery mode after long-term slump due to global financial crisis due to global financial crisis last year.
Used vehicle exports in May totaled 75,471 units, an increase of 48.9% from a year earlier, according to the Ministry of Finance Customhouse statistics. It marked the fifth consecutive month to show double-digit increase.
According to the analysis conducted by International Auto Trade Association (iATA), all destinations but three countries (Bangladesh, Suriname and Myanmar) in the top 25 destinations saw year-on-year increases for May.
The May total was an 11.9% decrease compared wiht the previous month.
Chile took the No. 1 position with 10,565 units, up 200.4% from a year earlier. But the average FOB price rose by nearly 20,000 yen on the yera.
Russia became the second largest market with 8,788 units, posting an increase of 98.8% from a year earlier. The average FOB price soared by nearly 100,000. Exports from Toyama port of Japan Sea side has been expanding.
Exports to United Arab Emirates, ranked third, increased 4.5% to 7,503 units.
Used vehicles bound for New Zealand rose 36.5% to 5,947 units. The average FOB price rose by nearly 60,000 yen on the yera.
Exported vehicles to the top five destinations account for 50.0% of totale exports from Japan, 0.2 percentage points largerr than April.
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