Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Imports and Exports

South Africa's vehicle exports up in 2023

11 Jan 2024 - by Staff reporter
Automotive plant workers on an assembly line in South Africa. Source: Agoa
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

South Africa’s vehicle exports, crucial for the financial viability and sustainability of domestic Original Equipment Manufacturers (OEMs), remained robust and continued their upward momentum in 2023.

This was despite slowing global growth owing to geo-political tensions, supply chain disruptions, inflationary pressures and multi-year high interest rates in major export markets.

That’s according to the Automotive Business Council in its annual review of the sector’s performance.

“Although increased load-shedding and the logistical challenges at ports and the railway network left their mark on the industry’s performance in 2023, vehicle exports at 396 290 units in 2023 reflected a sound increase of 44 505 vehicles, or a gain of 12,7% compared to the 351 785 vehicles exported in 2022, exceeding the previous record of 387 092 units in 2019,” said Council CEO Mikel Mabasa.

Since two out of every three vehicles manufactured in South Africa are exported, vehicle exports remain imperative to support higher vehicle production volumes as well as higher employment levels, as employment in the vehicle manufacturing sector is generally linked to vehicle production, he added.

“The longer-term global economic outlook remains clouded by risks to the inflation trajectory, the recent Israeli conflict and the effects of climate change, but the vehicle export momentum is anticipated to remain upward for the year ahead,” Mabasa said.

Referring specifically to export sales in December 2023, the Council said the sector ended the year on a positive note and at 26 612 units reflected a gain of 317 vehicles or an increase of 1,2% compared to the 26 295 vehicles exported during December 2022.

As a result, 2023 ended on a record-high of 396 290 units.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Exports to Lesotho face new regulation rollout from July

Africa
Imports and Exports
Logistics

Previously it seemed agents were hoping Asycuda would cause RSL to pull the plug on TIN.

09 Jun 2025
0 Comments

Vessel abandonment cases surge 33%

Sea Freight

Hundreds of seafarers were left unpaid and without food, water or access to ports – often for months at a time.

09 Jun 2025
0 Comments

Salvage team heads to abandoned Alaska cargo ship

Sea Freight

A second tug with advanced firefighting capabilities is being mobilised to attend the scene of the fire.

09 Jun 2025
0 Comments

CMA CGM launches electric river barge

Sea Freight
Technology

The shipping line has pioneered with Nike as its first customer to use the 100% electric vessel.

06 Jun 2025
0 Comments

Zim's anti-smuggling measures delay legitimate freight operations

Border Beat
Crime
Road/Rail Freight
06 Jun 2025
0 Comments

Trump and Xi talk trade for more than an hour

Economy
International
Trade/Investment

Both leaders reportedly agreed to facilitate further face-to-face meetings in the near future.

06 Jun 2025
0 Comments

RTMC platform hits four million transactions

Road/Rail Freight
Technology

Motorists reject waiting in queues and opt for easy online vehicle licence renewal service.

06 Jun 2025
0 Comments

Global ocean economy faces rising risk

Sea Freight

Shipping, tourism, fisheries, and marine energy accounted for 7% of global trade in 2023.

06 Jun 2025
0 Comments

KZN fingered as one of the top cargo theft regions

Logistics
Road/Rail Freight

"South Africa ranks among the top countries globally and leads the African continent in cargo theft."

06 Jun 2025
0 Comments

Crew abandon blazing car carrier

Logistics
Sea Freight
Technology

The vessel was carrying 800 electric and 2 200 internal combustion engine vehicles when the fire broke out.

06 Jun 2025
0 Comments

Emergency transport falls short in Northern Cape

Logistics
Road/Rail Freight

The activist said they had written to Premier Dr Zamani Saul but to no avail.

05 Jun 2025
0 Comments

‘Freight subterfuge’ used by Ukraine’s most brazen attack yet

Logistics
Other
Road/Rail Freight

It entailed the covert transportation of more than 100 small, explosive-laden FPV quadcopters

05 Jun 2025
0 Comments
  • More

FeatureClick to view

West Africa 13 June 2025

Border Beat

Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
Cross-border payments remain a hurdle – Masondo
30 May 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Key Account Manager

Lee Botti & Associates
Johannesburg
18 Jun
New

Sea Import Controller - willing to be trained into Multimodal

Tiger Recruitment
East Rand
18 Jun
New

Pricing Specialist

CANEI
South Africa (Remote)
17 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us