Europe And The United States Auto Market Slump Led To Decreased Exports Of Zhejiang Parts - Auto
HC Valve Network: According to customs statistics
, in the first three quarters of total exports in Zhejiang ProvinceCar Part 1.76 billion, down 25.3% over the same period last year. The first 3 quarters, Zhejiang auto parts exports showed upward trend shock, which exports 240 million U.S. dollars in September, for the past 11 months, the highest since.
A former auto parts exports in Q3, Zhejiang Province, the main features:
(A) The main way of general trade exports. The first 3 quarters of general trade, Zhejiang Province, to 1.66 billion auto parts exports, down 24.9%, accounting for exports of auto parts across the province over the same period the total value of 94.3%; processing trade exports 100 million U.S. dollars, down 31.1%, 5.7% .
(B) Exports by private enterprises account for half of the country. The first 3 quarters of private enterprises in Zhejiang Province exported 1.01 billion auto parts, down 18.1%, accounting for exports of auto parts across the province over the same period the total value of 57.4%; foreign-invested enterprises exported 450 million U.S. dollars, down 32.1%, 25.6%; state-owned enterprises exports 170 million U.S. dollars, down 35.6%, 9.6%; collective enterprises exported 130 million U.S. dollars, down 34%, accounting for 7.4%.
(C) of the United States and the EU still exports of auto parts in Zhejiang Province, the two major markets. The first 3 quarters of the United States and the European Union, Zhejiang auto parts exports 530 million U.S. dollars and 340 million U.S. dollars, down 23.6% and 30%, the two markets together account for the same period in the province's auto parts exports 49.4%. Over the same period, exports of auto parts in Zhejiang Province in Latin America 140 million U.S. dollars, down 23.9%, 8%; for African exports of 100 million U.S. dollars, down 2.6%, 5.7%; on ASEAN exports 100 million U.S. dollars, down 18.9%, accounting for 5.7 %.
(4) Radiator , Wheels, suspension and brakes are the main export varieties. The first 3 quarters, Zhejiang Province exported 620 million U.S. dollars radiator and parts, down 31.6%; wheels and parts thereof 460 million U.S. dollars, down 28.1%; suspension systems and parts thereof 200 million U.S. dollars, a slight increase of 3.1%; brakes and parts thereof 180 million U.S. dollars, down 16.2%. 4, which together account for the large variety of auto parts across the province over the same period 83% of total exports.
2, the first 3 quarters, Zhejiang auto parts exports fell significantly in the main
(A) of the European auto market downturn, the automobile industry suffered heavy losses. By
Financial Crisis, Europe and the United States and other developed countries and regions of the auto market downturn, Chrysler, General Motors has filed for bankruptcy protection, Ford, Toyota and other company heavy losses, while the export market auto parts in Zhejiang province are mainly concentrated in Europe and the United States. Thus, the automobile production and market
Sell The contraction directly reduces external demand for auto parts upstream, leading to falling export auto parts in our province.
(B) trade protectionism, trade barriers gradually increased. For the protection of domestic industry development considerations, the economic crisis is often associated trade protectionism, anti-dumping investigation by countries or set technical barriers to restrict imports, exports of auto parts is currently blocked in our province one of the reasons. Such as the EU officially launched on August 13 alloy wheels on our anti-dumping investigations, involving more than 60 major enterprises in China, directly affecting exports of 390 million U.S. dollars [1]. In addition, the United States, Russia, India and other countries on China's exports of automotive drive shafts, fasteners and other auto parts to take anti-dumping measures.
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