Chinese Car Exports to Russia Hit by Taxes, Consumer Uncertainty

Russia is no longer the top export destination for Chinese cars after the nation hiked taxes that affect auto imports and vehicle sales slowed as consumers, perhaps hopeful the conflict in Ukraine may draw to an end, await the return of foreign brands.

China’s automobile exports to Russia fell by nearly half year-on-year to 57,592 vehicles in January and February, trailing Mexico, which received 85,997 and the United Arab Emirates at 71,418, data released Wednesday by the China Passenger Car Association show. It’s the first time in two years that Russia hasn’t been No. 1.

The market for new ...