Current Status Of The Auto Parts Industry

According to the customs import and export data compiled by the China Association of Automobile Manufacturers, in 2014, my country's auto commodity export value continued to maintain a small increase, with a cumulative export value of US$84.314 billion, a year-on-year increase of 7.08%. Among them, the export value of auto parts was 64.617 billion US dollars, an increase of 8.02% year-on-year, and the growth rate was slightly slower than the previous year; it accounted for 76.64% of the total auto merchandise exports, and its share increased by 0.36 percentage points from the previous year. The proportion of exports of whole automobiles is only 15.23%, which is much lower than the proportion of exports of parts and components. On the whole, the export situation of auto parts in 2014 was good. The export of parts and components has become the main factor driving the growth of auto commodity exports. The export value of the four major categories of auto parts (engines, auto parts, accessories and bodies, automobiles, motorcycle tires, and other auto-related products) has increased over the previous year, of which a total of 3,662,200 engines have been exported, a year-on-year increase of 10.56% ; The export value was US$1.68 billion, a year-on-year increase of 6.69%; the export value of auto parts, accessories and car bodies was US$35.359 billion, a year-on-year increase of 11.96%, a significant increase over the previous year; There was a slowdown in the previous year, exports were 15.151 billion US dollars and 12.427 billion US dollars, an increase of 1.83% and 5.43% year-on-year.