Car import reduces for three consecutive months

The latest figures released by general Statistic Office showed that the import turnover of completely built up (CBU) cars continued falling for the three consecutive months.

It’s estimated that in August there will be about 4,000 CBU cars to be imported, equalling to total value of $78 million, marking the third declining month. However, it is the first month that the import turnover of SBU cars has dropped in terms of value.

In details, from May to August, the amount of CBU cars reduced from 5,300 units in May to 4,600 units in June and 4,400 in July, and expected import volume of 4,000 units in August. Meanwhile, in terms of import value, the import trade in May and June was posted at $89 million, and even increased to $96 million in July.

However, the import value in August was likely to fall sharply to about $78 million.