From January to April, the export of auto parts in Hebei Province was US$312 million, an increase of 17.7% year-on-year. From January to April, the total export value of auto parts in Hebei ranked fifth among the major export commodities in Hebei Province.
From January to April, the main features of Hebei auto parts exports:
In the first quarter, exports continued to increase in each month, and the value of exports in March hit a record high, and fell in April. In March, Hebei's auto parts exports reached the highest value of 88.23 million US dollars in history, a decline in April, exports of 77.61 million US dollars, down 0.2% year-on-year, a decline of 12%.
General trade exports occupy an absolute advantage. From January to April, the general trade of auto parts in Hebei Province exported 308 million U.S. dollars, an increase of 19.1%, accounting for 98.5% of the total; export of processing trade was 3100 million U.S. dollars, a decrease of 48.0%. Although the export of processing trade declined sharply, it was due to absolute value. Small, the overall impact is minimal.
Exports of foreign-invested enterprises still dominated the market and grew steadily, with private companies growing strongly. From January to April, the foreign-invested enterprises in Hebei Province exported 274 million U.S. dollars worth of auto parts, an increase of 16.0%, accounting for 87.7% of the province's total export volume; private enterprises exported 30.249 million U.S. dollars, an increase of 49.8%, accounting for 10.4% of the total.
The export of auto parts in Hebei Province covers six continents in the world. The United States is the largest export market. From January to April, Hebei's auto parts export market spreads to 146 countries in Asia, Europe, Africa, North America, South America, and Oceania. The United States is the only country whose export value exceeds 100 million U.S. dollars. From January to April, Hebei's auto parts exported 143 million U.S. dollars to the U.S., an increase of 12.9%, accounting for 45.7% of Hebei's total export volume; and exported 60.632 million U.S. dollars to Russia, an increase of 48.1%, accounting for 20.7 of the total. %; for the third German export 21.417 million US dollars, down 28.4%, accounting for 6.8% of total exports; exports to Japan 13.72 million US dollars, an increase of 58.4%, accounting for 4.4% of the total, ranking fourth. The above-mentioned four countries' export value accounted for 77.7% of the total export volume of Hebei Province.
Auto parts manufacturing has always been one of the key industries in Hebei province. In 2011, due to the strong demand in overseas markets, the export of auto parts in Hebei province grew strongly. The annual export value reached 907 million US dollars, an increase of 34.6%. It is reported that China has a total investment of 10 billion yuan. The auto parts industrial base project has been officially signed with Baoding, Hebei Province. It will build 30 auto parts manufacturers and form a production capacity of 3 to 4 million sets, which will greatly increase the competitiveness of auto parts exports in Hebei Province.
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