The number of imported cars in September continues to sharply increase and is forecasted to hit 12,000 cars.

The volume of imported cars in each month from the beginning of the year.
Chart by: T. Binh.

According to the General Department of Vietnam Customs, the volume of imported cars in September is estimated to reach12,000 cars, a 35.8% month-on-month increase, and valued at US$250, a 23.7% month-on-month increase.

Notably, with this estimated volume, September will be the third month in 2020 that the volume of imported cars reaches more than 10,000 cars.

Previously, the volume of imported cars in February and March reached 10,261 cars and 12,151 cars respectively.

However, due to the Covid-19 pandemic, import and export activities were strongly affected, especiallyimported cars were one of the commodity groups with the strongest decline. In June, the volume of imported cars hit arecord low at only 3,552 cars.

The estimated volume of imported cars in September as mentioned above is completely grounded. Because as per the preliminary statistical data in the first half of September, the volume of imported cars reached 6,602 cars, with a total turnover of US$135 million. On the other hand, the car import activities have tended to increase sharply.

Typically, in August, the country imported 8,836 cars, sharply increasing by 85.6% compared to July.

Thus, by the end of September, the volume of imported cars is estimated at 66,000 cars and the value is US$1.47 billion. However, the volume of imported cars in the first nine months of 2020 still decreased 37.8% in volume and 38.4% in value compared to the same period in 2019.