Summary: Import and export results for China and other global automobile industries

Gasgoo.com (Shanghai) - The World Trade Organization has recently released a report on the status of automobile industries of its key members in 2010. Gasgoo.com (Chinese) has summarized the report's import and export statistics, as seen in the table below.

China's automobile imports exports in 2010 totaled $81.1 billion in value, behind Mexico's $85.1 billion and Canada's $109.6 billion. China was ahead of Brazil ($30.3b), as well as Singapore and Malaysia.

EU countries headed the rankings for automobile exports in 2010, followed by Japan, the US, Mexico, Canada, China, Brazil, Singapore, Hong Kong and Malaysia. Mexico's export market grew the fastest, increasing 53.9 percent from 2009 to $55.64 billion. Brazil, Canada and Japan were not far behind, increasing 47.7 percent, 46.7 percent and 44.6 percent, respectively. The Chinese export market grew 41.2 percent in the same period of time, with a total value of $28.04 billion in 2010, while Hong Kong's fell 6.8 percent to $1.55 billion.

Automobile exports account for 18.7 percent of all of Mexico's exports last year, just behind Japan's 19.4 percent. Automobile exports in Canada and the EU exceeded ten percent of their overall export markets. American and Brazilian automobile exports accounted for around six percent of their total exports. Meanwhile, Chinese automobile exports in 2010 accounted for only 1.8 percent of its total export market, .1 percent more than the previous year.

Meanwhile, the market for automobile imports in China trailed behind the EU, US and Canada, but was ahead of Mexico, Brazil, Japan, Malaysia and Singapore. Imports to China totaled $30.85 billion in 2009 and $53.04 billion in 2010, growing 71.9 percent in the one year time period. The growth rate in China's import market was unmatched, with only Brazil (51.0%) and Malaysia (47.6%) coming close. The trio was followed by the US and Japan, whose markets grew 42.3 percent and 41.4 percent, respectively.

China's automobile trade deficit grew the largest from 2009 to 2010, over doubling in value. China was second only to the US, whose deficit is now over $90 billion. By comparison, Mexico's experienced a growth in its trade surplus of 44.9 percent. Japan had the largest trade surplus, at $135.36 billion, followed by the EU's $119.93 billion.