Anhui's third quarter auto parts exports increased by nearly 60%

According to customs statistics, in the first three quarters of this year, the export of automobile parts in Anhui Province was US$150 million, an increase of 57% over the same period of last year. Among them, exports of auto parts in general trade amounted to 130 million U.S. dollars, an increase of 75.4%, accounting for 86.7% of the total value of auto parts exports; exports of processing goods by 0.2 billion U.S. dollars, an increase of 0.6%, accounting for 13.3% of the total value of auto parts exports.

Anhui auto parts exports, private enterprises dominate. In the first three quarters, the province’s private enterprises exported auto parts worth US$70 million, accounting for 46.7% of the total value of auto parts exports. Over the same period, state-owned and foreign-invested companies exported US$0.5 billion and US$0.3 billion, respectively, which accounted for the total value of auto parts exports. 33.3% and 20%. From the export market, exports to the United States, Canada, and Malaysia are strong. In the first three quarters, Anhui auto parts exported US$0.4 billion to the United States, an increase of 91.6%; exports to Malaysia reached US$0.2 billion, an increase of 59.6%; and exports to Canada accounted for US$0.1 billion, an increase of 94.9%. Exports to these three countries accounted for part exports. 46.7% of the value. From the point of view of export products, it mainly focuses on the export of products such as vehicles and body parts, electric lighting devices, wheels, and accessories. From January to September, the province’s total exports of vehicle accessories and body parts, electrical lighting devices, wheels, and its accessories totaled 70 million U.S. dollars, accounting for 46.7% of the total value of auto parts exports.

The main reason for the rapid growth of auto parts exports in Anhui is that the international auto market continues to pick up and global procurement has strongly boosted demand, but it also faces the following problems: the profit space is further compressed, and the general rise in prices of upstream raw material markets makes the company’s Production costs continue to rise, downstream price pressures from OEMs and price competition among suppliers are also passed on to parts production companies that are intermediate links, and the appreciation of the renminbi is expected to reduce the competitiveness of China’s auto parts in the international market. In the field of high-tech auto parts, there is a short board. The auto parts industry in Anhui lags behind the development of the whole vehicle, the parts production enterprises are scattered, and the degree of specialization is low. Currently, self-owned brand auto companies are accelerating the development of new cars, but some high-tech parts still tend to Purchasing foreign parts to ensure the quality of new cars.