According to CCTV International's report on January 25, the latest statistics from China Customs show that in 2003 China’s auto product imports reached a record high of US$14.447 billion, an increase of 84% year-on-year. The annual export of automotive products was only US$4.71 billion, an increase of 34%.
In addition, in the import of automotive products, the total vehicle imports reached 5.25 billion U.S. dollars, an increase of 63%; the import of key auto parts reached 2.99 billion U.S. dollars, an increase of 132%; the number of auto spare parts imports was 6.2 billion U.S. dollars, an increase of 85.7%.
Experts pointed out that a large number of imported key auto parts and accessories have supported the continuous launch of new domestic models and provided a basis for domestic auto production to exceed 2 million. At present, there is still a big gap between China's auto industry and foreign countries, and it is unrealistic to export a large number of vehicles in the short term. However, China's auto parts industry has developed to a fairly high level, and it is fully contingent that it will achieve rapid growth in auto parts exports in the short term.
Crane Components,Construction Vehicle Fluid Pump,Hydraulic Diesel Vehicle Gear Pump,Power Transmit Instrument Crane Gear Box
HENAN MAJOR INDUSTRIES IMP. & EXP. CO., LTD. , https://www.henanminingcrane.com