The EU has become the largest source of imported auto parts in Shanghai Customs

According to data from the Shanghai Customs, in January-February 2011, imported Auto Parts in the Shanghai Customs District reached US$570 million, an increase of 9.2% year-on-year. From the point of view of import sources, the EU is the largest source of imports. In the first two months of this year, auto parts imported from the European Union totaled 310 million U.S. dollars, an increase of 27%. During the same period, auto parts imported from Japan totaled 110 million U.S. dollars, a decrease of 29.8%.

According to Shanghai Customs statistics, in the January-February period of this year, nearly 90% of imported auto parts in Shanghai Customs District were imported through general trade. The import value reached US$500 million, an increase of 6.8%, accounting for 88.3% of the total auto parts import volume in the customs area during the same period. In the same period, imports by processing trade were US$30 million, which doubled drastically and accounted for 6.2% of the total imports of automobile parts in the customs area from 3.3% in the same period last year.

Foreign-invested companies still occupy the majority of imported auto parts, but the increase in imports by state-owned enterprises is significantly higher than the overall. In the first two months of this year, foreign-invested companies' imports accounted for 440 million U.S. dollars worth of imported auto parts, an increase of 7.7%, accounting for 77.9% of the total auto parts import volume in the customs area during the same period. At the same time, state-owned and private enterprises imported US$80 million and US$0.4 billion, respectively, an increase of 21.5% and 2.5% respectively, which together accounted for 21.3% of the total imports of automobile parts in the customs area during the same period.

According to industry analysts, the import of auto parts in the Customs District continued to grow in the January-February period, mainly driven by the increase in auto parts imports driven by the “localization” of autos, the increased import of auto parts to increase the demand for maintenance parts, and the national support for the New Deal to encourage key auto parts and components. The introduction of other factors.

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