Japanese cars flood Russia: July imports rise by 15 percent

Russia imported nearly 24,000 vehicles from Japan in July 2024, marking a 15% increase compared to June. For the first half of 2024, total imports of Japanese cars reached 138,760 units, an 8% rise over the same period in 2023. Manufacturer July 2024 Import Volume Toyota Approx. 9,000 units Honda 5,000+ units Nissan Just under 4,000 units According to Rosstat data, vehicles now account for 73.6% of all Russian imports from Japan. In 2023, the total trade turnover between the two nations was $16 billion, with 70% of that value consisting of automobiles and auto parts. Factors driving import growth: