Beijing, August 20 — According to the Ministry of Commerce’s Department of Electrical and Mechanical Services, China's imports of automobiles and their key components and accessories reached $10.267 billion from January to July this year, marking a year-on-year increase of 25.7%. Despite a sluggish domestic auto import market, the growth in key auto parts and accessories outpaced that of complete vehicle imports.
According to customs data, China imported 112,254 vehicles (including complete sets of spare parts) during the first seven months of the year, totaling $3.459 billion — an increase of 6.6% in volume and 16% in value compared to the same period last year. The value growth was 9.4 percentage points higher than the volume growth, indicating a continued rise in the average price and quality of imported vehicles.
In the same period, the import value of key automobile parts reached $2.284 billion, up 42.6% year-on-year, far exceeding the growth rate of vehicle imports. Meanwhile, imports of auto accessories amounted to $4.524 billion, representing a 26.2% year-on-year increase.
In the first seven months, passenger cars and four-wheel drive SUVs accounted for 83% of total imports, with passenger cars making up 65% and off-road vehicles 18%. While car imports rose by 20.5% compared to the same period last year, SUV imports fell by 25.4%.
China imported 102,727 vehicles, including cars, off-road vehicles, and minivans, during the first seven months. Vehicles from Japan, Germany, and South Korea made up 87% of the total. Japan remained the top source, accounting for 38%, followed by Germany at 27% and South Korea at 22%. Imports from the U.S., the Czech Republic, and Sweden were much smaller, at 3,122, 2,502, and 2,103 units respectively, each contributing less than 3% to the total.
On the export side, China's auto parts and components exports reached $4.264 billion in the first seven months, up 64.3% year-on-year. However, the trade deficit in the automotive sector hit a high of $6 billion, reflecting the strong demand for imported vehicles and components.
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