China auto parts imports & exports grow in H1

Shanghai, August 6 (Gasgoo.com) In the first half of 2008, China imported automobile components valued at $8.115 billion, going up by a moderate 19.86%. Major import source countries are Japan, Germany, Korea, the U.S. and France, with imports from Japan taking the lead at $3.192 billion, covering 39.33% of the total imports, reported China Automotive Information Net.
 
Driving system components, auto body parts and accessories, engine parts and some unnamed components posted relatively large imports among total imported auto parts.

Driving system parts imports totaled $2.302 billion in the first half, up 21.5% year on year(y/y). Sedan-use MT transmission imports took the lead by an increase of 3.23% y/y to 1.0224 million units, valued at $1.571 billion, up 32.27%.

Body parts and accessories imports reached $1.882 billion in this period, up 21.5% y/y. The unnamed components posted the largest imports valued at $1.047 billion, soaring by 32.58% y/y.

Engine parts imports reached $1.314 billion during this period, surging 27.95% y/y with highest imports of petrol engine-use components at $860 million, up 8.01% y/y.

Auto components exports in China kept rising fast in the first half of 2008. The total exports hit $15.374 billion, up 21.48% y/y, with America, Japan, Korea, Germany and the Netherlands as the target countries. Exports for America amounted to $4.107 billion, making up 26.71% of the total auto components exports.

Among auto components exports, the relatively large exports are travel system components, auto electronic components, body parts and accessories and some unnamed auto parts.

For this period, exports of travel system components are valued at $4.056 billion, down 6.4% y/y. But the new rubber tyres used on transport or delivery vehicles present the largest exports, with total sales at $1.852 billion, up 19.08%. Exports are mainly to America, India, United Arab Emirates, Australia and Brazil.

Automobile electronic components exports also increased by 35.45 % to reach $3.076, and the largest exports are of wiring harnesses which hit $997 million, up 16.13%. Target countries and regions are Korea, America, Canada, China’s Taiwan and some others.
Body parts and accessories exports reached $2.072 billion during this period, a 52.27% increase y/y.

The unnamed components posted the largest exports valued at $733 million, soaring by 39.92% y/y, mainly to America, Japan, Korea, Germany, China’s Hongkong and some other countries and regions.