From January to February, the export of auto parts in Nanchang nearly doubled

The global automotive market continued to heat up, driving the steady growth of parts and vehicle exports. Since 2011, the global automotive consumer market has shown a recovery trend. The recovery of major auto markets such as Europe and the United States has directly driven the demand for auto parts worldwide.

On the 27th, according to sources from the Customs, from January to February of 2012, the export of auto parts in Nanchang took off unexpectedly in an export environment that had been sluggish, with exports reaching US$33.84 million, an increase of 1.9 times year-on-year.

At the same time, Nanchang’s ship exports this year have performed exceptionally well. From January to February this year, Nanchang Shipbuilding (Bulk Carriers, Night Cargo Ships) exported 53,643,900 U.S. dollars, an increase of 144% over the same period of last year.

Exports of parts and components increased as a result of vehicle exports. Electromechanical products, including automobiles, are Nanchang’s largest export products. The hot and cold of the global auto market directly affects Nanchang’s foreign trade.

The reporter learned that since 2011, the global automotive consumer market has shown a recovery trend. In the first two months of this year, Nanchang auto parts exports rose by 190%.

Due to product characteristics and other factors, China's auto exports are mainly targeted at developing countries, including the Middle East, Central and South America, North Africa, South Africa and other places.

Hu Zhubin, customs manager of Jiangling Import and Export Company, said on the 27th: “In the past few years, our company has been laying the ground for overseas market expansion, including opening 4S stores in many countries. We also opened our own direct sales stores in South Africa. Therefore, 2011 is the best year we have ever sold, and from January to February this year, we continued to increase the inertia of the previous year. We expect that the situation in April to May will be even better."

Although Nanchang auto parts soared, auto exports declined slightly.

The reporter learned on the 27th that from January to February, the total export value of Nanchang's automobile vehicles was 22.27 million U.S. dollars, a decrease of 3.7%.

Why does Nanchang's auto and parts exports go up and down?

According to sources in the industry, “the global auto market recovery means that as the global economy picks up, the demand for buying cars has increased, and there is still a certain improvement in the grade of the car. Although the export price of Nanchang’s cars is low, the price/performance ratio may be different. There is still a certain gap between others, auto parts are different, there are more cars, more repairs are needed, and more parts and components are needed.

It was also learned that on the export of ships, the Ministry of Industry and Information Technology released on March 12 the “Twelfth Five-year Development Plan for Shipbuilding Industry”. The plan proposes that by 2015, China’s shipbuilding industry’s overall technological and technological strength will leap to the top of the world. China’s strong promotion of the shipbuilding industry will also be of great benefit to Jiangxi and Nanchang.

Ships, parts exports have become a rookie of transformation Nanchang Customs High-tech Office He Qing introduced that in most industries, when export performance was very unsatisfactory, the export of ships and parts performed outstandingly and became a recent export rookie. The bulk of the export of our province has been the textile and garment industry, and the replacement of labor-intensive industries by the shipbuilding and parts industries is also the trend of Nanchang's exports. It can be seen in these two months that the export of ships and parts shows that the entire Nanchang export industry has shown signs of transformation.

Experts from Nanchang Customs pointed out that Nanchang companies need to keep an eye on the international environment. Local parts and components companies are facing weak independent research and development capabilities and products lacking competitive advantages. At present, domestic domestic auto parts enterprises have a "small, scattered, chaotic" pattern. The unreasonable pattern of local auto parts companies directly leads to a significant shortage of technical R&D investment intensity. The local parts and components companies generally have weak independent R&D capabilities, product convergence, and low technical content. In particular, they lack the core technologies of the main car assembly and key components, and lack competitiveness in the global supply chain.