Due to the multiple impacts of the snowstorm at the beginning of the year, the earthquake in May, the appreciation of the renminbi, macroeconomic control, and the international financial crisis, China's auto imports and exports both peaked and fell in 2008. According to the latest statistics from the China Association of Automobile Manufacturers, as of the end of December 2008, the total import and export volume of auto goods was US$ 73.494 billion, an increase of 15.28% year-on-year. The trade surplus was 100.82 billion U.S. dollars, a year-on-year decrease of 1.66%.
Four-wheel drive SUVs
Statistics show that in 2008, the import value of automobiles and their key parts and accessories was US$32.156 billion, which represented a year-on-year increase of 20.21%; of which, the total vehicle imports were US$15.263 billion, up 38.71% year-on-year; the total auto parts imports were US$16.693 billion. The year-on-year increase of 7.28%.
Judging from the amount, the total number of four-wheel drive vehicles in the vehicle imports was US$7.121 billion, an increase of 62.81% year-on-year; followed by US$6.356 billion for cars, a year-on-year increase of 26.87%. In terms of quantity, the total vehicle imports were 409,980, an increase of 30.45% year-on-year. Four-wheel drive SUVs were the highest, which was 215,100, an increase of 51.21% year-on-year; followed by 154,500 cars, an increase of 10.48% year-on-year.
Trucks are still the main exporters
According to statistics, in 2008, the export value of automobiles and their key parts and accessories was 42.238 billion U.S. dollars, an increase of 14.15% year-on-year, of which auto vehicle exports were 9.63 billion U.S. dollars, up 31.81% year-on-year; and auto parts exports were 32.608 billion U.S. dollars. , an increase of 9.80% over the same period last year.
Judging from the amount, the total number of trucks exported to China was the highest at 4.316 billion U.S. dollars, a year-on-year increase of 32.48%; followed by cars at 1.795 billion U.S. dollars, an increase of 28.05% year-on-year. In terms of quantity, the total vehicle exports were 680,100, an increase of 10.84% â€‹â€‹over the same period of last year. The highest number of trucks was 287,700, an increase of 4.32% year-on-year; followed by 241,300 cars, an increase of 27.93% year-on-year.
Market outlook is not optimistic
Under the influence of the declining international environment and the escalating competition in the domestic market, the situation of auto imports and exports in 2009 is still not optimistic. The imported car market will show some new changes and growth points on the basis of last year. As imported vehicles account for 46.54% of vehicles with 3.0 liters or more, the favorable policies for small-displacement cars have less impact on the imported car market than the domestic car market. Imports in 2009 are expected to remain basically the same as last year.
The export vehicle market is very difficult. Some forecasts indicate that the financial crisis has suppressed the demand for Chinese cars in the international market. In 2009, Chinaâ€™s auto exports will cause a 20%-30% drop. In addition, the higher threshold for overseas markets also poses a challenge to Chinese auto exports.
Hex Nut,Hex Bolt Co., Ltd. , http://www.nshexbolts.com