第一商用车网·2025-12-22 09:04Core Viewpoint - After ending the "21 consecutive months of growth," China's bus exports showed a mixed trend in November 2025, with a total export of 56,635 units, reflecting a year-on-year decline of 1.76% but a month-on-month increase of 10.38% [1][3]. Export Volume Overview - In the first 11 months of 2025, China's total bus exports reached 66,338 units, an increase of 11,832 units compared to the same period last year, representing a year-on-year growth of 21.71% [1][3]. - November 2025 saw a total export of 5,635 units, marking a significant improvement from October, with the year-on-year decline narrowing by 20.61 percentage points [1]. Segment Performance - In November 2025, large and medium buses experienced positive year-on-year growth, while light buses saw a decline of over 40% [4]. - Large bus exports totaled 2,638 units, up 5.69% year-on-year, while medium bus exports surged by 77.58% to 1,687 units [5]. - Light bus exports were 1,310 units, down 42.79% year-on-year, although there was a month-on-month recovery [5]. Functional Attributes - In November 2025, the export of seat buses was 3,545 units, down 11% year-on-year, while public transport buses saw an increase of 15.09% with 2,014 units exported [7][8]. - The export of school buses and other buses showed significant fluctuations, with school bus exports increasing by 3,000% to 31 units, while other buses saw a decline of 39.18% [8]. Company Rankings - In the first 11 months of 2025, Yutong and King Long led the export rankings with over 10,000 units each, capturing 19.30% and 16.65% market shares, respectively [14][15]. - Other notable companies included Xiamen Jinlv and Suzhou King Long Haige, both exceeding 7,000 units, while Zhongtong Bus remained in the top five with nearly 6,000 units exported [14]. Monthly Export Leaders - In November 2025, the top exporters were Xiamen King Long (1,166 units), Yutong (1,064 units), and Jiangling Jingma (636 units), with Xiamen King Long achieving a year-on-year growth of 41.85% [17][18]. Market Trends - The overall market pressure remains significant, with the seat bus segment experiencing a widening year-on-year decline of 11%, particularly in large seat buses, which hit a yearly low [12]. - The bus export landscape is characterized by a slow market recovery, leading to uncertainty in December 2025's export trends [12].