Export situation of auto parts is not optimistic about the overall downward pressure

According to the prospective database data, China’s auto parts exports amounted to US$4.356 billion in June 2017, a year-on-year increase of 12.35%; cumulative exports from January to June totaled US$23.575 billion, a year-on-year increase of 6.63%.

The following is the statistics on the export value of China's auto parts from July 2016 to June 2017:

It is reported that the main destination countries for China's auto parts exports are the United States, Japan, South Korea, Germany, Mexico, the United Kingdom, the Russian Federation, Canada, Thailand and India, which account for about 60% of the total auto parts exports. The data show that China’s auto parts and components The export is dominated by developed countries and supplemented by emerging countries.

Forward-looking Industry Research Institute, "in-depth market research and investment forecasting report of auto parts manufacturing industry," shows that in 2017 China's auto parts exports will face severe, downward pressure on the situation. Although China's auto products have a "cost-effective" advantage in the international market, they will no longer be significant; it will enter a major adjustment period, which is also a major strategic opportunity period for the Chinese auto industry.

At present, the international auto parts export market pattern has basically taken shape. As a rising star, in order to open the market, new methods and channels must be found, and the only way for China’s auto parts exports is to change the growth pattern from simple product export to technology. The transformation of capital output will accelerate the adjustment of product structure and industrial transformation and upgrading.