China Jan-Jul auto-parts export value up 34.9%

Shanghai, October 14 (Gasgoo.com) In the first seven months of 2008, the value of China's auto-parts exports grew by 34.9% year on year (y/y) to $8.88 billion, the nation's customs bureau said recently. The export value in July reached $1.41 billion, up 30.9% y/y.

From January to July this year, China exported $6.93 billion auto-parts by general trade, up 39% y/y, representing 78.1% of the total value of the country's auto-parts exports in the period. Meanwhile, the value of auto-parts exports by processing trade grew by 22.3% y/y to $1.8 billion, accounting for 20.3% of the total.

In the seven-month period, foreign-invested (joint) ventures exported $4.56 billion auto-parts, up 31.6% y/y, accounting for 51.4% of the total, while the export value of private enterprises hit $2.58 billion, up 54% y/y, 29.1% of the total, and state-run enterprises' auto-parts exports generated $1.42 billion, up 19% y/y, 16% of the total.

The U.S., EU and Japan were the three major destination markets of China-made auto parts export from January to July, with the export value standing at $2.69 billion (+8.8%), $1.6 billion (+39.2%) and $1 billion (+36.8%) respectively. The three markets contributed 59.6% to the total value of China's Jan-Jul auto-parts export. 

Of the total auto-parts export value in the period, 48.2% was achieved by manufacturers located in eastern provinces of Zhejiang ($1.7 bln, +36.8%), Jiangsu ($1.39 bln, +37.7%) and city of Shanghai ($1.2 bln, +15.1%) in the Yangtze Delta.