Tuesday, February 27, 2024

Orders of Japanese machines with a run in Russia will decline by more than 30% this year, are confident the Japanese Organization for the Development of Foreign Trade.

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Offers of Japanese cars due to run in 2024 against the background of sanctions will decrease by at least 30% compared to last year’s figures, said the Japanese Organization for the Development of External Trade (JETRO).

«On August 9, 2023, the Japanese government banned the supply to Russia of cars with an engine volume of more than 1 900 cubic meters. см, — said Kuniya Asamoto, representative of the department of Europe, Russia and the Russian Federation of the Japanese Organization for the Development of External Trade (JETRO). — Under the influence of such measures export machines began to decrease monthly by more than 40% compared to the indicators a year ago. The effect of the introduced sanctions will continue, and in 2024, it is estimated, the amount of Japanese cars supplied to Russia will decrease by about 30% compared to last year.»

 

In August the volume of shipments fell in numerical expression by 42,5%, in September – by 51,8%, and in October – by 46,8%: «Against this background there was some growth in the export of small-volume cars to Russia, – said specialist JETRO , which is closely related to the government of the country. However, the overall supply of used cars in Russia began to decline steadily after August. With the introduction of sanctions from June 2022 to July 2023, the export of cars has exceeded the previous year’s monthly figures for 14 consecutive months.

He added that before the entry into force of the current ban, Russia was the largest export market for Japanese used cars: «At the same time, the introduction of sanctions in August did not have a noticeable impact on the total volume of imports of cars from Japan, it continues to grow.

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