Between April and September 2023, Japan’s automobile exports to Russia rose by 27.1%, according to reports from RIA Novosti citing the Japanese Ministry of Finance. The figures reflect a period when trade flows were navigating an evolving sanctions landscape and shifting demand within the Russian market. (RIA Novosti)
However, by September, data showed a sharp reversal for specific categories. After Japan imposed sanctions on the export of electric vehicles and cars with engine capacity above 1.9 liters to Russia, shipments of these vehicles declined by 51.8 percent. The policy linked to the broader package of measures aimed at restricting certain high-capacity vehicles and related automotive components. (RIA Novosti)
The export ban targeting cars and hybrids with engines over 1.9 liters took effect on August 9 in Japan, following a government decision announced on July 28 as part of the next round of anti-Russian sanctions. The restrictions cover both new and used cars, and extend to associated auto parts such as tires, seats, and locks. The policy was designed to curb high-displacement vehicle sales to Russia while maintaining broader trade flexibility in other sectors. (RIA Novosti)
In parallel, the market for used Japanese cars showed a firming trend into August, even as export controls tightened. Auction prices remained elevated at roughly one million yen on average, though they reflected a year-over-year decline of about 6.9 percent. The price dynamics pointed to a delicate balance between a constrained export regime and continued demand for second-hand vehicles in Russia and in other markets. (RIA Novosti)
Earlier assessments noted that sanctions contributed to a noticeable rise in the retail cost of Japanese cars within the Russian Federation, with increases ranging from several percentage points to double digits in some segments. The broader implication was that import costs and the availability of specific vehicle categories could influence buyer choices and the composition of imports over time. (RIA Novosti)