South China's Guangdong Province has reported the export of 300 second-hand vehicles, signaling the first batch of used-car export in the country, according to the Ministry of Commerce (MOC).
These vehicles, involving a total value of 2.5 million U.S. dollars, are expected to soon complete customs clearance in Nansha Port of the province and to be exported to Cambodia, Nigeria, Myanmar and Russia, said the ministry.
China officially kicked off the exports of second-hand cars in May, with Beijing, Tianjin, Shanghai and Guangdong among the first batch of 10 regions allowed to conduct such trade, according to an earlier MOC statement.
The MOC said it will work with the Ministry of Public Security and the General Administration of Customs to improve regulations and services to support the sector.
Industrial data showed that about 13.82 million used cars were traded in China last year, less than half of the new vehicles sold.