Analysis of import and export of auto parts products in the first half of the year

Abstract According to statistics from the National Customs, from January to June 2014, the national automobile product import amount reached US$48.01 billion, and the export value was US$40.023 billion, up 28.28% and 7.33% year-on-year respectively, a record high. among them...
According to statistics from the National Customs, from January to June 2014, the national automobile product import amount reached US$48.01 billion, and the export value was US$40.023 billion, up 28.28% and 7.33% year-on-year respectively, a record high. Among them, the national auto parts import was 17.762 billion US dollars, and the export was 30.913 billion US dollars, an increase compared with the same period last year. From the overall data analysis, China's auto parts import and export surplus reached 13.187 billion US dollars, but the overall form of automotive products is still in a deficit form.

Three major categories of products increased significantly

From the import and export trend chart of auto parts in January-June this year, the seat belts have the highest growth rate of 28%; the drive axle and automobile tires have also increased by more than 20%. The key importer is the key components such as transmissions and engines. In particular, the import of transmissions is growing rapidly. The main reason is the increase in the number of self-owned automobile companies that have gradually switched to imported transmissions. This year, the sales volume of China's joint-venture brand vehicles has increased significantly, involving auto parts for safety, mainly purchased abroad. In the first half of this year, China's auto parts import business grew by a large margin year-on-year. The year-on-year decline in total imports was engine, electronically controlled fuel injection device and automobile inner tube, which were 7.43%, 21.15% and 73.95% respectively. Generally, foreign-owned brand cars with joint ventures in China have engine factories for complete vehicles. The technology of electronically controlled fuel injection devices is generally in the hands of a few foreign-funded parts and components companies such as Bosch. These parts and components companies are increasingly “localized” in China, and most of them have their own production bases, which can basically satisfy local supply. The tirelessness of cars is the trend of car development. In the future, the demand for car tires will be less and less, and the import and export volume will be reduced year by year. In the first half of 2014, the import of auto parts was 366,600 units, down 4.06% year-on-year, and the import value was 1.04 billion US dollars, down 7.43% year-on-year; the import value of auto parts, body and accessories was 14.918 billion US dollars, a year-on-year increase. 16.03%; the import value of automobile and motorcycle tires was 353 million US dollars, up 20.51% year-on-year; the import value of other automobile-related commodities was 1.40 billion US dollars, up 21.51% year-on-year.
Tire products have the largest import and export surplus

In the first half of this year, the largest import and export surplus of auto parts products was tires, amounting to US$6.756 billion. In the first half of the year, the transmission import and export deficit was the largest, reaching 4.751 billion US dollars, and the engine, airbag device and drive axle had a slight deficit. Transmissions, engines, airbag devices, and drive axles are all core components of automobiles, and are generally controlled by foreign-invested companies. In China, there are fewer auto parts with lower production technology, fewer parts and components companies with core technology, and fewer exports than imports. In addition, exports of electronically controlled fuel injection devices and automobile inner tubes fell year-on-year, with the former falling more than 20% and the latter falling by around 9%. Compared with the same period of last year, the export value of engine and automobile and motorcycle tires has declined, showing a slight increase, and the growth rate of the other two major categories has increased. In the first half of the year, engine exports reached 1,171,100 units, an increase of 6.51% year-on-year. The cumulative export value was 815 million US dollars, up 8.36% year-on-year; the export value of auto parts, body and accessories was 16.83 billion US dollars, up 14.40% year-on-year; the export value of automobile and motorcycle tires US$7.353 billion, up 4.59% year-on-year; the export value of other automotive-related commodities was US$5.915 billion, up 4.43% year-on-year.

The import and export situation in the first half of the year was better than expected

From the overall body data, China's auto parts import and export performance in the first half of the year was better than expected. With the further growth of China's automobile sales and the continued strength of joint venture brands, the import and export of auto parts will further increase, and the import growth rate of products involving automobile safety will continue to accelerate. With the improvement of the overall level of China's auto parts industry and the production of core key parts production bases, a large number of domestically produced parts have gone abroad and entered the automotive aftermarket in countries such as Europe and the United States, while core components imported from abroad are gradually being developed. cut back.

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