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Home > News > > Heibei Province’s Export of Auto Parts Grew 22.2% in First Quarter This Year

Heibei Province’s Export of Auto Parts Grew 22.2% in First Quarter This Year

By CFM , 2015-04-24 11:40:21

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Based on the custom statistics from Shijiazhuang City, Heibei Province, the export of auto parts of the whole province has reached to a value of 2,070 million CNY, increased 22.2% year on year. The export value in March was 670 billion CNY, increased 7.2% year on year with a ring growth of 11.6%.

Near 90% of the export growth came from private enterprises

In January to March this year, the foreign-invested enterprises of Auto Parts in Heibei Province exported over 1,800 million CNY auto parts to the oversea markets, which took 86.8% of the total export with a 19.3% year-on-year increasing rate. The export value from private enterprises reached to 260 million CNY, increased 52.5% while the exporting value from the state-owned enterprises had only reached to 12.82 million CNY, decreased 22.7%.

Over 60% of the export was to USA

In January to March this year, Heibei Province’s auto parts exporting increased obviously. Followings are the detail statistics.

Exporting to

Total value(CNY)

Year-on-year increasing rate

USA

1360 million

18.3%

Mexico

100 million

64.1%

India

92.19 million

35.6%

Japan

78.86 million

11.3%

Korea

31.793 million

66.5%

Brazil

23.148 million

39%

South Africa

13.436 million

46.9%

It is worth mentioning that the auto parts exporting to USA, mainly wheel hubs and tyres, takes 65.6% of the total export. But due to the increasing international trade fiction, there are stones on the road of increasing the auto parts export now.

Some experts gave several pieces of advice for export-oriented enterprises. Firstly, the Tyre Industry Association should play full role by hearing the voices of enterprises and protecting the interests of them. Secondly, enterprises should invest more on their R & D and improve their capacity of controlling quality and cost, thus increase their product core competence. Thirdly, enterprises should develop their overseas market and as well an eye to foresee the challenges.

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