Global Auto Exports: jump to record high level of China exports

Research evidence excerpt

Global Auto Exports: jump to record high level of China exports

Global Foundation

June 16, 2026 08:51 PM GMT

Morgan Stanley Europe S.E., Madrid Branch+MGlobal Autos Javier Martinez de Olcoz Cerdan

Equity Analyst

Global Auto Exports: jump to Javier.Martinez.Olcoz@morganstanley.comMorgan Stanley & Co. International plc+ +34 9141-81289

Shaqeal A Kirunda

Equity Analystrecord high level of China Shaqeal.Kirunda@morganstanley.com +44 20 7425-0736

Matias Rodriguez Florez-Estrada

Research Associateexports

Matias.Rodriguez@morganstanley.com +44 20 7425-1091

China exports maintain their accelerated pace, keeping a strong Morgan Stanley Asia Limited+

Tim Hsiao

Equity Analystincrease YoY, reaching record high levels in many markets

Tim.Hsiao@morganstanley.com +852 2848-1982

globally, with more likely to come driven by a falling domestic

Shelley Wang, CFA

market. Meanwhile, China Tyres are starting to recover and APs Equity Analyst

Shelley.Wang@morganstanley.com +852 3963-0047

exports continue growing.

Morgan Stanley & Co. LLC

• China Auto exports keep moving out of the chart. China exports volume Andrew S Percoco

jumps +43% YoY in May, this is supported again by the volume fall in the Andrew.Percoco@morganstanley.com +1 212 296-4322

local auto market and anti-involution initiatives, as China OEMs are still Daniela M Haigian

under pressure it will drive manufacturers to export overcapacity to Europe Equity Analyst

Daniela.Haigian@morganstanley.com +1 212 761-6071

(concerning record high levels in most markets), Latam, India, South Africa,

Morgan Stanley MUFG Securities Co., Ltd.+

Australia, Japan and other markets outside the US. On a similar page, China

Shinji Kakiuchi

auto imports continue the downward trend, now around one-quarter of Equity Analyst

2020 peak levels.