Posts Tagged ‘Mongolia’

Excise Tax could Double in Mongolia

October 16, 2008

According to UB Post (Mongolian news agency), the Mongolian Parliament is looking to increase excise taxes on used cars to stem import levels.

Mongolia has been experiencing all time high car import levels these recent years. And as more young men and women come to driving age the expect a very large increase of drivers in the next 5 years. Unfortunately, the infrastructure in Mongolia is not prepared to handle the new massive load and Ulaanbaatar’s (the capitol) roads are already being pushed to their limits.

Mongolian car traders and exporters alike may want to complete deals before the proposal gets approved in Parliament and new import taxes rates are implemented (possibly).

Source- UB Post

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Stats Review: JDM Used Car Exports in 1st Half 2008

September 4, 2008

I was able to obtain the statistics of how many used passenger* cars have been export from Japan during January to June. The statistics do not include trucks and other commerical/non-passenger type vehicles.

Overall Used Passenger Exports from January 2008 to June 2008

Car Units: 579,582
Value: ¥352,310,171,000
(or at today’s exchange rate: $3,249,516,575)

Over three billion (milliard) US Dollars! That’s a whole lot of money for used cars alone.

Top 10 Destinations

Rank Country      | Car Units | Value(Japanese Yen)
  1: RUSSIA       | 260,008   | 163,251,031,000
  2: CHILE        | 55,461    | 11,744,217,000
  3: UAE          | 37,167    | 9,321,093,000
  4: NEW ZEALAND  | 35,640    | 17,991,266,000
  5: MONGOLIA     | 14,322    | 4,342,595,000
  6: KENYA        | 13,013    | 7,342,810,000
  7: SOUTH AFRICA | 12,904    | 3,545,133,000
  8: SINGAPORE    | 12,894    | 21,078,435,000
  9: MALAYSIA     | 12,746    | 25,317,559,000
  10: BANGLADESH  | 10,208    | 10,706,168,000

Russia remains #1 way ahead of everyone as Japan is supplying their used car market rapid expansion. Others continue to remain strong, although old partner New Zealand has slowed down its imports since the new emission regulations have taken affect. Newcomers to the Top 10, Mongolia and Bangladesh, have seen recent sharp rises due to mostly political and somewhat economical changes. They’ve replaced Pakistan (19th) – which has gone through extreme political unrest, and United Kingdom (11th) which has seen reduced demand that is possibly related to economic downturn/unrest.

Together, the top 10 represent roughly 80% of the used passenger vehicles exported from Japan and 78% of the total value of the cars. Thus the top 10 importers hold a landslide majority of sales Japanese used car exporters have made.

Top 20 & 50

Adding the next 10 (Top 20) would make it 90% of car units and 88.5% of total cash amount. Counting the top 50 together will make it roughly 99% of both car units sold and total value.

Draw you own conclusions. The data is quite clear, and if your an exporter, you should have a clear idea what to do. If you want to look at the full data, you can do so by going to:

Japanese Used Passenger Car Export Statistics : January 2008 to June 2008

Note: Car Units and Value data for each country comes from Japan Customs Statistics Office. All other data is calculated by me. Percentages and VPUs are rounded to simplify view.

Exporting to Mongolia

March 26, 2008

Information on exporting and importing Japanese used vehicles into Mongolia is very hard to come by, especially in English. This is difficult for importers and exporters alike as the try to find ways to bring trade to this rising star. Just last year in 2007, Mongolia was place as the 11th top importing country of Japanese used passenger vehicles.

The ever need of vehicles growing in Mongolia will be dramatically rising as the baby boom generation are starting become adults. In fact, according to US International Census data, the largest 5-year span group in Mongolia is 15-19 at about 300 thousands boys and girls.

Soon, these teenagers and young adults will be looking for affordable cars. For them, it is a choice between used Chinese, Korean, or Japanese cars. Currently, the market is very open and growing rapidly and is good time for Japanese used vehicle exporters to enter the market. For more information on importing used cars from Japan into Mongolia, visit:

Japanese Used Car Exporting Info – Importing Help For Mongolia