Industry News

Current status of the auto parts industry

According to customs import and export data compiled by China Association of Automobile Manufacturers, in 2014, my country's auto commodity export value continued to maintain a small increase, with a cumulative export value of US$84.314 billion, a year-on-year increase of 7.08%. Among them, the export value of auto parts was 64.617 billion US dollars, an increase of 8.02% year-on-year, and the growth rate was slightly slower than the previous year; it accounted for 76.64% of the total auto merchandise exports, and its share increased by 0.36 percentage points from the previous year. The proportion of exports of whole automobiles is only 15.23%, which is much lower than the proportion of exports of parts and components. On the whole, the export situation of auto parts in 2014 was good. The export of parts and components has become the main factor driving the growth of automobile exports. The export value of the four major categories of auto parts (engines, auto parts, accessories and bodies, automobiles, motorcycle tires, and other auto-related products) has increased over the previous year, of which a total of 3,662,200 engines have been exported, a year-on-year increase of 10.56% ; The export value was US$1.680 billion, a year-on-year increase of 6.69%; the export value of auto parts, accessories and bodywork was US$35.359 billion, a year-on-year increase of 11.96%, a significant increase over the previous year; There was a slowdown in the previous year, exports were 15.151 billion US dollars and 12.427 billion US dollars, an increase of 1.83% and 5.43% year-on-year.

Based on the export data from January to December 2014, among the four major types of auto parts, auto parts, accessories and body parts still account for half of the export value. In general, the structure of export products has not changed much, and the added value of export products has not increased significantly.

In addition, judging from the performance of the seven main parts and components exported by the China Automobile Association (electronically controlled fuel injection devices, car bodies, seat belts, airbag devices, transmissions, drive axles, shock absorbers), electronically controlled fuel injection devices There has been a serious decline, with a total of 3.128 million sets of exports, down 69.92% year-on-year. The other six categories showed certain growth. Among them, the export value of seat belts, drive axles and shock absorbers achieved double-digit growth year-on-year, and the overall performance was relatively good. The remaining three categories achieved small growth.