Rapidly growing Guangdong auto parts exports grew 32.4% in 2012

According to statistics from the customs, in 2012, the Guangdong port exported 4.29 billion US dollars of auto parts , an increase of 32.4% over 2011. The year's export growth has been rapid.

According to statistics, last year, the monthly export value of auto parts of Guangdong ports remained at a high level of over 200 million U.S. dollars. In addition to a slight drop from the same period of the previous month in January, the year-on-year increase in other months was above double digits. Among them, December exports were 550 million US dollars, an increase of 56% year-on-year, an increase of 50.7%, which is the highest monthly record since 2010.

Emerging markets are considered to be one of the important factors driving the export of auto parts in Guangdong. The United States, ASEAN, Japan, and the European Union are the top four export markets for auto parts in Guangdong. Last year, the Guangdong port exported 800 million U.S. dollars of auto parts to the United States, an increase of 18.6%, accounting for 18.7% of the total value of auto parts exports at the port of Guangdong during the same period. Exports to ASEAN reached 6.6 billion U.S. dollars, an increase of 832 percent, accounting for 15.4 percent; exports to Japan were 590 million U.S. dollars, an increase of 32.3 percent, accounting for 13.8 percent; exports to the EU were 280 million U.S. dollars, an increase of 16 percent or 136%. The above four market exports together accounted for 61.5% of the total value of auto parts exports at the Guangdong port during the same period. Compared with the traditional markets such as the United States, Japan, and the European Union, automobile production and sales in emerging Asian export markets have shown strong growth momentum, which is also related to local auto consumption. Statistics from the Indonesia Automobile Industry Association show that sales from January to November 2012 increased by 26.7% year-on-year to 1.027 million units, which exceeded the annual sales of 8.94 million units in 2011; Malaysia’s vehicle production in the first 11 months totaled 524,000. Vehicles, an increase of 4.5% over the 502,000 vehicles in the same period in 2011. Strong sales of automobiles in major export markets and emerging markets drove the rapid growth of domestic auto parts exports.

From the point of view of exports, the auto parts of Guangdong Port are mainly exported in the form of general trade. Last year, Guangdong Port exported auto parts by USD 31.2 billion by general trade, an increase of 38.2%, accounting for the total export of auto parts of Guangdong Port during the same period. 72.8% of the value; exports of US$1.05 billion by processing trade, an increase of 17.4%, accounting for 24.4%; and export of US$45.58 million, which is a 2.3 times increase in the Customs' special logistics area.

The Guangdong region is dominated by the Japanese automotive industry cluster. In terms of export share, foreign-invested companies dominate, and private-sector exports have increased significantly. Last year, foreign-invested enterprises in the port of Guangdong exported 2.38 billion U.S. dollars worth of auto parts, an increase of 27.4%, accounting for 55.4% of the total value of auto parts exports at the port of Guangdong during the same period. In the same period, private enterprises exported 1.57 billion U.S. dollars, an increase of 54.6%, accounting for 36.6%; and state-owned enterprises exported 340 million U.S. dollars, a year-on-year decrease of 4.3%, accounting for only 8%.

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