Aug. 18, 2011 (China Knowledge) - China, the world's largest auto market, saw its vehicle exports drop 12.73% from the previous month to 73,300 units in July this year, according to the latest statistics released by the China Association of Automobile Manufacturers.
The auto exports in July reflected a growth of 57.7% year on year.
Last month, the exports of passenger cars was 44,800 units, up 75.8% year on year but down 11.81% month on month, and the exports of commercial vehicles was 28,500 units, up 35.76% year on year but down 14.14% month on month.
In the first seven months of this year, the country's auto exports surge 57.3% year on year to 454,400 units. The figure included 262,500 passenger cars and 191,900 commercial vehicles, 79.19% and 34.78% more than in the corresponding period of last year, respectively.
During the period from January to July, the top three auto exporters in China were Chery Automobile Co, Chongqing Changan Automobile, Jianghuai Automobile<600418>, whose exports were 88,800 units, 54,600 units and 46,500 units, up 89.25%, 51.68% and 281% year on year, respectively.
Great Wall Motor came in fourth with export volume rising 20.11% year on year to 39,400 units, and Dongfeng Motor Corp was in the fifth place with exports hitting 35,900 units, up 39.22% from the same period of 2010. The total exports of the five auto companies accounted for 58.37% of the country's total.
In the first six months, China's foreign trade of autos and related products jumped 28.78% year to US$65.24 billion, comprising US$34.55 billion in import value and US$30.7 billion in export value, up 26.92% and 30.94% year on year, respectively.
In the first half, China imported 472,200 vehicles, 21.64% more than in the corresponding period of last year.