According to statistics of Ningbo Customs, Ningbo Port exported 2.25 billion U.S. dollars of auto parts in the first three quarters, an increase of 33.5% over the same period of last year (the same below). In September, the export volume of auto parts at Ningbo Port was US$300 million, which was an increase of 35.9% year-on-year, and was mainly exported in the form of general trade.
In the first three quarters of the year, Ningbo Port’s general trade items exported US$2.2 billion worth of auto parts , an increase of 34.8%, accounting for a year-to-year percentage increase in auto parts imports from 96.7% in 2010 to 97.8%. During the same period, exports of 53.3 million U.S. dollars by processing trade decreased by 3.5%.
Private enterprises and foreign-invested enterprises were the main exporters. In the first three quarters, private enterprises and foreign-invested enterprises in Ningbo Port exported 1.43 billion U.S. dollars and 570 million U.S. dollars worth of auto parts, respectively, an increase of 39.1% and 27.6% respectively, which together accounted for the total value of exports during the same period. 88.9%.
The United States and the European Union are the major export markets. In the first three quarters, Ningbo Port exported auto parts to the United States and the European Union for US$560 million and US$470 million, respectively, which increased by 27.4% and 35.8%, respectively, which together accounted for 45.8% of the total value of exports during the same period.
The obvious recovery of global automotive market demand and the support of national policies are the main reasons for the continuous growth of auto parts exports in the first three quarters.
However, in the development of China's auto parts industry, there are still problems such as the lack of key component technologies, further narrowing of profit space, and frequent trade barriers. It is suggested that enterprises should increase their research on technology, master key core technologies in the industry, enhance the influence of independent brands, and avoid the long-term development of the industry because of the constraints of core technologies.
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