Analysis of Imports and Exports of Parts in China in the First Half of

In the first half of the year, the growth of import and export volume of parts and components slowed down. Exports grew at a faster rate than imports According to data compiled by Gasgoo.com, the total exports of eight types of auto parts in the first half of 2011 were US$21.229 billion. The growth rate was 30.26% over the same period of last year, which was higher than the growth rate of total parts and components imports (19.01%). However, compared with the whole year of 2010 (the growth rate of import and export volume was 43.84% and 49.47%, respectively), the growth of the total import and export volume of all kinds of auto parts in China slowed down in the first half of this year.



Judging from the balance of trade, the total trade surplus of all types of auto parts in China in the first half of this year was US$6.568 billion, an increase of 65.07% over the same period of last year (US$3.979 billion). The following analysis will be conducted on the export of parts, imports and trade balance in the first half of 2011.

Export value: The highest engine export value of the components of the driving system is the fastest. From the aspect of export value, the export value of various types of auto parts in China in the first half of 2011 is ranked in descending order: parts of the driving system, electronic and electrical components, and body parts. Accessories, engine parts, brake system parts, transmission system parts, engines and steering system components. Among them, the engine exports grew fastest, from the 467 million US dollars in the same period last year, an increase of 76.16% to reach 823 million US dollars.

In addition to the engine, the growth rate of exports was also higher than the average (30.26%). The types of spare parts were engine parts, driving system parts, and steering system parts, which were 38.45%, 36.83%, and 37.91%, respectively.

The types of components whose export growth rate is lower than the average (30.26%) are body accessories, transmission system components, electronic and electrical components and brake system components, which are 17.29%, 25.70%, 17.94% and 25.21 respectively. %.



Imports: The highest engine parts and components in the drive system are the fastest growing parts of the transmission system. From the perspective of import volume, the import volume of all types of auto parts in China in the first half of this year was: transmission system components, body accessories, Engine parts, engines, electrical and electronic components, steering system components, travel system components, and brake system components. Among them, the engine parts and components of the driving system grew fastest, which were 28.49% and 28.48% year-on-year, respectively, to reach US$2.223 billion and US$754 million.

In addition, the growth rate of the components of the steering system and the import volume of the engine also exceeded the average level (19.01%), which increased by 25.67% and 21.81% to US$759 million and US$1.579 billion, respectively.

The growth rates of imports of body accessories, transmission components, electronic and electrical components and brake system components were all below average (19.01%), which were 17.53%, 14.80%, 18.30%, and 5.23%, respectively.

The balance of trade: The engine parts have been made worse by the deficit. In the eight categories of auto parts, there were four categories in the first half of this year - engine parts, brake system parts, electronic and electrical parts, and parts of the driving system - with a trade surplus. The four categories - transmission components, engines, body accessories, steering system components - have a trade deficit. Among them, the type of trade balance changed only the engine parts, from the trade deficit of 67 million US dollars in the first half of 2010 to a trade surplus of 0.79 billion US dollars this year.