A brief Analysis of the Import and Export of Automobile Commodities in the first three quarters of 2021

[a brief Analysis of the Import and Export of Automobile Commodities in the first three quarters of 2021] according to the data analysis released by the General Administration of Customs compiled by the China Association of Automobile Manufacturers, in the first three quarters of 2021, the total volume of imports and exports of automobile commodities exceeded 150 billion US dollars, maintaining a rapid growth over the same period last year.

According to the data analysis released by the General Administration of Customs compiled by the China Association of Automobile Manufacturers, in the first three quarters of 2021, the total import and export volume of automobile goods exceeded 150 billion US dollars, continuing to maintain rapid growth compared with the same period last year.

In the first three quarters of 2021, imports and exports of automobile goods totaled US $150.27 billion, an increase of 46.1 percent over the same period last year. Of this total, imports of automobile goods totaled US $70.83 billion, up 33.5 percent over the same period last year, and exports of automobile goods totaled US $79.44 billion, up 59.5 percent over the same period

In the first three quarters of 2021, a total of 754000 vehicles were imported, an increase of 21.9 percent over the same period last year, while vehicle imports totaled US $41.73 billion, an increase of 39.1 percent over the same period last year. A total of 1.492 million vehicles were exported, up 1.1 times over the same period last year, and the export value was 24.04 billion US dollars, an increase of 1.2 times over the same period last year.

In the first three quarters of 2021, imports of auto parts totaled US $29.11 billion, up 26.3% from the same period last year, while exports of auto parts totaled US $55.4 billion, up 41.7% from the same period last year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Major Antimony Mines in Hunan Halt Production for Rectification, Impacting Supply Short-Term
1 hour ago
Major Antimony Mines in Hunan Halt Production for Rectification, Impacting Supply Short-Term
Read More
Major Antimony Mines in Hunan Halt Production for Rectification, Impacting Supply Short-Term
Major Antimony Mines in Hunan Halt Production for Rectification, Impacting Supply Short-Term
According to market‑source information, some major antimony mines in Hunan have recently suspended production for rectification, including several large‑scale antimony mines with a monthly output of over 100 tonnes. Sources stated that these antimony mines will halt production for at least around one month, which will impact antimony supply in Hunan to a certain extent in the short term.
1 hour ago
Some Antimony Ore Operations in Hunan Entered Production Suspension for Rectification [SMM Antimony Report]
1 hour ago
Some Antimony Ore Operations in Hunan Entered Production Suspension for Rectification [SMM Antimony Report]
Read More
Some Antimony Ore Operations in Hunan Entered Production Suspension for Rectification [SMM Antimony Report]
Some Antimony Ore Operations in Hunan Entered Production Suspension for Rectification [SMM Antimony Report]
1 hour ago
[SMM Cobalt Morning Meeting Minutes] Cobalt Industry Chain Prices Under Pressure in the Peak Season; Signals of a Demand Recovery Still Pending Confirmation
3 hours ago
[SMM Cobalt Morning Meeting Minutes] Cobalt Industry Chain Prices Under Pressure in the Peak Season; Signals of a Demand Recovery Still Pending Confirmation
Read More
[SMM Cobalt Morning Meeting Minutes] Cobalt Industry Chain Prices Under Pressure in the Peak Season; Signals of a Demand Recovery Still Pending Confirmation
[SMM Cobalt Morning Meeting Minutes] Cobalt Industry Chain Prices Under Pressure in the Peak Season; Signals of a Demand Recovery Still Pending Confirmation
This week, the cobalt industry chain as a whole remained in the doldrums, with prices of some products continuing to edge lower. Refined cobalt was supported by overseas miners’ purchases of low-priced intermediate products; futures stopped falling and rebounded, but downstream consumption was still in the off-season, and spot transactions saw only limited improvement. Divergence between buyers and sellers of cobalt intermediate products was pronounced, with downstream purchasing interest clearly shifting lower; the average SMM cobalt intermediate product price fell to $19/lb. Cobalt sulphate was affected by low-priced deals outside China and weakening cost support, with the average price dropping to 71,000 yuan/mt; cobalt chloride and Co3O4 were broadly in the doldrums. The cobalt powder market continued to grind lower, with the average price falling to 420,000 yuan/mt, as downstream demand from the cemented carbide sector remained weak. On the cathode material side, ternary cathode precursor and ternary cathode material prices were under pressure; export orders were relatively better, but growth in China demand was limited. LCO supply and demand remained weak, and inventory destocking was slow. With the traditional peak season approaching, the market focused on whether stockpiling in September could drive a recovery in demand; in the short term, price stabilization still needed to wait for signals of concentrated procurement. The English translation of the above text is:
3 hours ago
A brief Analysis of the Import and Export of Automobile Commodities in the first three quarters of 2021 - Shanghai Metals Market (SMM)