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Home > News > Industry Activities > Ningbo’s Auto Parts Export Hits USD $ 2.25 Billion for Q1 to Q3

Ningbo’s Auto Parts Export Hits USD $ 2.25 Billion for Q1 to Q3

By CFM , 2011-10-25 12:00:00

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According to Custom Statistics of Ningbo, the export of Ningbo’s auto parts for first quarter to third quarter reaches USD $ 2.25 billion, up 33.5% on a year-on-year basis, of which, the export concluded in general trade jumps by 34.8% to USD $ 2.2 billion while the export dealt with processing trade shrinks by 3.5% to USD $ 53.3 million. In September Ningbo exports USD $ 300 million auto parts, up 35.9% on a year-on-year base, which was mainly dealt in general trade.

Private enterprises and foreign-investment enterprises are the main exporters, whose auto parts export up 39.1% to USD $ 1.43 billion and 27.6% to USD $ 570 million respectively. 

United States and European are the main export markets of Ningbo’s auto parts. The export to United States increases by 27.4% to USD $ 560 million while the export to European jumps by 35.8% to USD $ 470 million.

The obvious recovery of global auto market demand and the support of China national policy are the main reasons for the increasing export of auto parts in first three quarters.

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