Affected by the complicated economic environment at home and abroad, the growth rate of the main economic indicators of China's auto industry slowed down in the first half of this year. The revenue and profit levels of auto parts manufacturing industry are far better than the overall performance of the auto industry, but the overall import and export trade of auto parts is not as good as the same period of last year, especially in terms of imports. According to statistics from the China Association of Automobile Manufacturers, in the first half of this year, the cumulative import value of auto products nationwide was US$38.828 billion, a decrease of 19.13% year-on-year. The total import volume of auto parts has ended the growth trend of the previous year, with cumulative imports of USD 15.973 billion, a year-on-year decrease of 9.89%. The total amount of imported auto parts has declined, and it is necessary to analyze it from multiple angles. According to Ye Shengji, deputy secretary-general of the China Association of Automobile Manufacturers, the amount of imported auto parts in China has been growing at a double-digit rate in the past. In the first half of this year, the number of imported auto parts replacement products is increasing. It is good; but on the other hand, some key components still cannot get rid of dependence on imports. In fact, domestic joint ventures account for a significant proportion of their contribution to the import of spare parts.
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First half auto parts import data
The total import of auto parts in the first half of this year was only 15.9 billion US dollars