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Vehicle Import Spending Comparison
Projected vs Historical vehicle import expenditure in USD Billions
Primary Sources
Car imports in the first four months of 2026: Spending $1.75 billion ...
The latest data from the Customs Department shows that the imported car market in Vietnam is experiencing significant changes in both scale and supply structure. In the first four months of 2026, the total number of imported complete cars reached 72,290 units with a total value of US$1.75 billion, an increase of 11.22% in volume and 25.2% in value compared to the same period in 2025. The strong rise of Chinese cars The biggest highlight in the import picture over the past four months has been the surge from the Chinese market. Imports from this country reached 23,723 units, equivalent to a value of $837.92 million. Compared to the same period last year, Chinese car imports saw a dramatic increase of 68.61% in volume and 85.69% in value. This growth has helped Chinese cars significantly expand their market share, accounting for 32.82% of the country's total imported cars, a sharp increase from the 21.65% share in the same period of 2015. This is evidence of the shift in consumer preferences and the aggressive market penetration strategy of car manufacturers from the neighboring country. ASEAN region's share is shrinking. Although ASEAN remains the largest supplier of automobiles to Vietnam, its share is trending downwards. In the first four months of the year, Vietnam imported 45,074 vehicles from ASEAN worth US$734.61 million, a decrease of 6.03% in volume and 8.4% in value compared to last year. The region's share decreased from 73.8% to 62.35%. Within the ASEAN bloc, Indonesia continues to lead with 27,170 units (accounting for over 60% of ASEAN imports). Meanwhile, imports from Thailand reached 17,904 units, a decrease of 25.56% compared to the same period in 2015. Vietnam's imports of completely assembled cars from certain markets in the first four months of 2026. Fluctuations in average import prices In terms of price, the average unit price of completely assembled cars imported into Vietnam in the first four months of 2026 reached US$24,252 per unit, an increase of 12.57% compared to the same period. In April 2026 alone, the average price was recorded at US$26,165 per unit, an increase of 12.06% compared to March 2026. There is a huge price disparity between the supplying markets. Imported cars from Russia have the highest prices, averaging $403,590 per unit, a sharp increase of 159.74%. South Korea also recorded a significant price increase of 189.51%, reaching $94,988 per unit. Conversely, India remains the market supplying cars with the lowest uni...
CBSL Justifies Vehicle Tax Hike to Control Rising Imports
COLOMBO (News 1st); Central Bank Governor Dr. Nandalal Weerasinghe stated that the government’s recent decision to increase taxes on motor vehicles is a pre-emptive measure aimed at temporarily controlling imports and reducing potential future risks.Speaking on the matter, Dr. Weerasinghe explained that such action was necessary in response to growing uncertainty and the need to better manage external pressures on the economy.He noted that within the first three months of this year alone, vehicle imports had already reached approximately US$600 million. If this trend continues, the total value of imports could rise to around US$2.4 billion by the end of the year, surpassing last year’s figures.The Governor pointed out that earlier projections had anticipated lower vehicle imports for the year, estimating the figure to remain below US$2 billion. However, current trends indicate that imports may meet or even exceed those expectations.Despite the increase in imports, Dr. Weerasinghe stated that there is no indication at present that this would have a negative impact on government revenue.He emphasized that such policy measures are part of broader efforts to prepare for potential risks and ensure economic stability.
Sri Lanka Adds 50% Surcharge on Vehicle Import Duties Amid FX ...
Fuel import costs increased from USD 98 million in February 2026 to USD 368 million in April 2026. ... Governor of the CBSL Dr. W.A. Wijewardena stated ...
Sri Lanka central bank not responsible for verifying debt payment ...
Sri Lanka's central bank has no mandate to cross-check or alter payment instructions provided by the government, Governor Nandalal Weerasinghe said, ...
