Import and Export of Automobile Commodities in October 2021

According to the analysis of data released by the General Administration of Customs compiled by the China Association of Automobile Manufacturers, in October 2021, compared with the previous month, the import value of automobile goods decreased significantly, while the value of export goods increased slightly; compared with the same period last year, the import and export value of automobile goods increased, and the growth rate of export goods was more significant.

In October, imports and exports of automobile goods totaled US $15.4 billion, down 11.4 percent from the previous month and up 49.5 percent from the same period last year. Of this total, imports of automobile goods totaled US $5.34 billion, down 34.0% from the previous month, an increase of 11.1% over the same period last year, and exports of auto goods totaled US $10.06 billion, an increase of 8.3% and 83.2% over the same period last year.

From January to October, imports and exports of automobile goods totaled 165.66 billion US dollars, an increase of 40.2 percent over the same period last year. Of this total, imports of automobile goods totaled US $76.17 billion, up 24.1 percent over the same period last year, and exports of automobile goods totaled US $89.49 billion, up 57.6 percent over the same period

In October, a total of 44000 vehicles were imported, down 44.3 percent from the previous month and 24.1 percent from the same period last year. Vehicle imports totaled US $2.71 billion, down 44.4 percent from the previous month and up 7.3 percent from the same period last year. The export of complete vehicles was 220000, up 26.4 percent from the previous month, 1.2 times higher than the same period last year; the export value was 3.74 billion US dollars, up 35.2 percent from the previous month, and 1.9 times higher than the same period last year.

From January to October, a total of 798000 vehicles were imported, an increase of 11.9 percent over the same period last year, while vehicle imports totaled US $44.43 billion, an increase of 26.6 percent over the same period last year. A total of 1.712 million vehicles were exported, up 1.1 times over the same period last year, and the export value was 27.78 billion US dollars, an increase of 1.3 times over the same period last year.

In October, auto parts imports totaled US $2.63 billion, down 18.3% from the previous month, up 15.2% from the same period last year; and auto parts exports totaled US $6.31 billion, down 3.1% from the previous month and up 49.8% from the same period last year.

From January to October, imports of auto parts totaled US $31.74 billion, up 20.8 percent from the same period last year, while exports of auto parts totaled US $61.71 billion, up 38.3 percent from the same period last year.