[Source/Observer Network, Pan Yuchen, Editor/Gao Shen] According to the "Nikkei Asian Review," despite the Trump administration's imposition of a 25% tariff on imported cars in the United States, the average price of Japanese car exports to the U.S. in April showed a noticeable decline.
The Ministry of Finance released its preliminary trade statistics for April on May 21, showing that the average price of Japanese car exports to the U.S. was approximately 4.07 million yen (about RMB 204,000), a decrease of about 15% compared to the same period last year. Meanwhile, the Bank of Japan's preliminary value of the April corporate pricing index shows that, calculated in contract currency, the export price index of passenger vehicles to North America fell by 4.6% year-on-year.
Japanese Car Exports Nikkei News
Some experts believe that Japanese companies absorbed part of the impact of the tariff. Taizo Saito, head of economic research at NLI Research Institute, believes that in order to mitigate the decline in exports, domestic automobile manufacturers have absorbed some of the price increases caused by the tariff hike and reduced prices accordingly.
In addition, Japan's total exports to the U.S. in April amounted to 1.7708 trillion yen (approximately RMB 887 billion), a decrease of 1.8% year-on-year; the value of car exports was 51.3 billion yen (approximately RMB 25.7 billion), a decrease of 4.8%, marking the first decline in four months. The number of cars exported was 125,800 units, an increase of 11.8%, continuing the growth for the fourth consecutive month.
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