In the first eight months, auto exports increased by 80% year-on-year

According to the latest data released by the China Automobile Association, in August, the number of automakers’ exports was 47,200, a year-on-year increase of 1.47% and a year-on-year growth rate of 1.15 times. From January to August, exports were 336,100, an increase of 80.01% year-on-year.

The data shows that in August, passenger car exports were significantly better than commercial vehicles. From January to August, the top five export vehicle manufacturers were Chery, Chang'an, Great Wall, Dongfeng and Beiqi. The export volume was 57,300, 40,600, 37,700, 29,300 and 24,100 vehicles respectively. The year-on-year growth was 1.73 times, 56.64%, 89.16%, 1.30 times and 34.95%, respectively. The proportion of the top 5 exports to total exports was 56.27%.

According to statistics from the National Customs Automobile Import and Export Statistics, in July, the import value of automobiles decreased month-on-month, and exports increased slightly. Compared with the same period of last year, imports and exports continued to maintain rapid growth. In July, the total volume of import and export of auto goods was 9.401 billion U.S. dollars, an increase of 0.96% from the previous month and an increase of 47.79% year-on-year. From January to July, the total import and export of automobile products in China totaled 60.054 billion U.S. dollars, an increase of 77.11% year-on-year, of which the import value was 31.857 billion U.S. dollars, an increase of 1.1 times year-on-year, and the export value was 28.191 billion U.S. dollars, an increase of 49.04% year-on-year, causing a significant trade deficit. .

In addition, the data shows that in the first seven months, the economic benefits of 17 key industries (groups) continued to improve, but the growth slowed down. Among them, the accumulative operating income was 1,205.584 billion yuan, an increase of 56.12% year-on-year, an increase of 4.9 percentage points from January to June. The data show that from January to July, the key industrial enterprises (groups) of the automobile industry have completed an industrial added value of 248.201 billion yuan, an increase of 58.55% year-on-year, an increase of 6.10 percentage points from the first six months; the cumulative total industrial output value of 1,083.913 billion yuan, a year-on-year increase. 53.18%, an increase of 5.50 percentage points over the first six months; cumulative operating income of 1,023.584 billion yuan, an increase of 56.12%, an increase of 4.90 percentage points lower than the increase between January and June.