According to statistics compiled by the China Association of Automobile Manufacturers on national customs auto imports and exports, vehicle imports fell significantly in the month compared to last month, and exports maintained a slight increase. Compared with the same period of last year, total imports declined, and foreign exchange earnings continued to maintain. Faster growth.
The total import and export of auto goods in February was US$4.006 billion, of which the total import value was US$1.282 billion, which was a decrease of 34.38% from the previous month and a year-on-year decrease of 10.05%. The foreign exchange earned through exports was US$2.724 billion, a decrease of 1.45% from the previous month and a year-on-year increase of 68.84%. From January to February, the total import and export volume of auto products in the country totaled 8.729 billion U.S. dollars, of which total imports were 3.24 billion U.S. dollars, up 19.05% year-on-year; total exports were 5.489 billion U.S. dollars, up 54.83% year-on-year.
Imports of vehicle imports fell year-on-year
In February, the number of imported automobiles was 14,700, a decrease of 25.01% from the previous month and a year-on-year increase of 29.75%; the import value was 446 million US dollars, a decrease of 35.86% from the previous month and a year-on-year increase of 4.64%.
Among the major automobile import varieties in February, the declines of cars and minibuses were more than 30% compared with the previous month; the off-road vehicles decreased by more than 15%. Among them, small passenger vehicles imported 1028 vehicles, down 32.90% from the previous month, an increase of 22.09% year-on-year; imported car 6938 vehicles, down 30.49% from the previous month, an increase of 21.15%; off-road vehicles imported 6,007 vehicles, down 16.56% from the previous month, The year-on-year increase of 43.95%.
In February, the above three varieties imported a total of 14,000 vehicles, accounting for 95.24% of the total automobile imports.
In January-February, 34,300 vehicles of various types were imported, representing a year-on-year growth of 18.60%; the cumulative import amount was 1.144 billion U.S. dollars, an increase of 9.71% over the same period of last year. Among them, the import of cars was 16,900, an increase of 38.85% year-on-year, and the cumulative import value was 551 million U.S. dollars, an increase of 3.01% year-on-year; the number of off-road vehicles imported was 13,200, a year-on-year decrease of 2.55%, and the cumulative import value was 394 million U.S. dollars, a year-on-year decrease of 1.64%; The number of passenger cars imported reached 2560, a year-on-year increase of 30.28%, and the cumulative import value was US$68 million, an increase of 1.1 times year-on-year.
Low engine imports
In February, engine imports were generally sluggish. Among them, imports of 3200,000 units, down 50.14% over the previous month, a year-on-year decrease of 40.66%; import value of 530 million US dollars, down 63.77% from the previous month, a year-on-year drop of 45.45%. Of the major imported engine types, only 250 ml <displacement ≤ 1000 ml series maintained rapid growth, of which 10,300 were imported, an increase of 1 time over the previous month; the import amount was 4.12 million US dollars, which was more than double the previous month.
From January to February, the cumulative engine imports totaled 96,200 units, an increase of 10.79% year-on-year; the cumulative import value was 199 million US dollars, an increase of 30.34% year-on-year.
Imports of spare parts and other automobile-related goods fell
In February, auto parts, accessories and body imports totaled US$727 million, a decrease of 30.12% from the previous month and a year-on-year decrease of 12.94%; imports of automobile and motorcycle tires were US$10.35 million, a decrease of 21.79% from the previous month and an increase of 8.34% from the previous month; Imports of commodities amounted to US$44.4 million, a decrease of 23.09% from the previous month and a decrease of 20.61% year-on-year.
In February, the above-mentioned three varieties imported a total of 882 million U.S. dollars, accounting for 61% of the total imports of automobile products in the country.
From January to February, the accumulative import value of auto parts, accessories, and bodywork totaled 1.77 billion U.S. dollars, a year-on-year increase of 25.59%; the cumulative import amount of auto and motorcycle tires was 23.57 million U.S. dollars, an increase of 40.35% year-on-year; and the cumulative import value of other automobile-related goods was 102 million U.S. dollars. The year-on-year increase of 4.29%.
From January to February, the accumulated import amount of the above three varieties was 1.896 billion U.S. dollars, which accounted for 58.52% of the total import volume of automobile products in the country.
Exports of vehicle exports rose slightly month-on-month
A total of 37,300 vehicles were exported in February, an increase of 8.04% from the previous month and a year-on-year growth of 98.56%. Exports earned 429 million US dollars, an increase of 22.52% from the previous month and an increase of 89.86% from the previous year. Among the major export categories of automobiles, passenger cars, passenger cars and trucks all showed rapid growth compared with the previous month, of which the increase in cars was most noticeable.
In February, the number of cars exported was 10039 units, an increase of 28.69% over the previous month and a year-on-year increase of 1.3 times; the number of trucks exported was 15,479 units, an increase of 12.80% from the previous month and a year-on-year increase of 59.46%; the number of passenger cars exported was 4,733, an increase of 14.08% over the previous month. Increased 2.4 times year-on-year.
In February, the above-mentioned three types of automobiles exported a total of 30,300 vehicles, accounting for 81.23% of the total vehicle exports.
From January to February, the cumulative number of auto exports was 71,900, an increase of 88.87% year-on-year, and cumulative foreign exchange earned 779 million U.S. dollars, an increase of 86.97% year-on-year. Among them, the cumulative number of trucks exported was 29,200, a year-on-year increase of 53.19%. Cumulative exports earned 197 million U.S. dollars, up 40.36% year-on-year; cumulative sedan exports were 75,800, a year-on-year increase of 75.02%, and cumulative exports earned 132 million U.S. dollars, an increase of 85.34 percent year-on-year. The total number of passenger cars exported was 0.89 million, which was a year-on-year increase of 2.3 times. The cumulative foreign exchange earned through exports was US$112 million, an increase of 48.23% year-on-year.
Engine export volume and foreign exchange earnings continued to show rapid growth year-on-year
In February, engine exports reached 207,800 units, a decrease of 12.54% from the previous month and a year-on-year increase of 45.16%; exports earned US$56 million, a decrease of 32.13% from the previous month and a year-on-year increase of 53.85%.
From January to February, the accumulated exports of engines totaled 445,300 units, a year-on-year increase of 25.57%; the cumulative foreign exchange earned through exports reached US$140 million, a year-on-year increase of 17.80%.
Exports of tires and other goods decreased month-on-month. The year-on-year increase in auto parts, accessories, and bodywork was still significant.
In addition to a slight increase in the number of auto parts, accessories and bodyshell exports in February, the number of auto and motorcycle tires and other auto-related products decreased. Compared with the same period of last year, the amount of foreign exchange earned from parts and components continued to grow rapidly. The increase in automobile parts, accessories and bodywork is most evident. In February, auto parts, accessories, and body exports reached 1.15 billion U.S. dollars, an increase of 28% over the previous month and an increase of 79.80% year-on-year; automobile and motorcycle tire exports were 391 million U.S. dollars, a decrease of 10.56% from the previous month and a year-on-year increase of 59.15%; Exports of automotive-related products amounted to US$416 million, a decrease of 12.57% from the previous month and a year-on-year increase of 39.36%.
In February, the above-mentioned auto exports earned a total of 1.957 billion U.S. dollars, accounting for 71.84% of the country’s total foreign exchange earnings from auto exports.
From January to February, the accumulative exports of auto parts, accessories, and vehicle bodies totaled 2.297 billion U.S. dollars, a year-on-year increase of 54.53%; the total exports of automobile and motorcycle tires were 828 million U.S. dollars, an increase of 48.84% year-on-year; the cumulative exports of other automobile-related goods were 891 million U.S. dollars, up 52.44 percent year-on-year. %. From January to February, a total of US$4.016 billion was exported for the above-mentioned three categories of automobile products, which accounted for 7.6% of the total foreign exchange earnings from automobile exports in China.
Motorcycle export volume and foreign exchange increase
In February, motorcycle exports remained generally stable, including exports of 674,200 units, an increase of 9.11% over the previous month and a year-on-year increase of 73.98%. Exports earned 252 million US dollars, an increase of 5.58% from the previous month and an increase of 80.22% over the same period last year.
From January to February, the accumulated exports of motorcycles totaled 1.29 million, an increase of 37.34% year-on-year; cumulative exports earned 491 million U.S. dollars, an increase of 45.21% year-on-year.
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