According to the customs import and export data compiled by the China Association of Automobile Manufacturers, the export value of China's auto products continued to grow slightly in 2014, with a cumulative export value of 84.314 billion US dollars, up 7.08% year-on-year. Among them, the export value of auto parts was 64.617 billion US dollars, increasing by 8.02% year-on-year. The growth rate was slightly slower than that of the previous year. It accounted for 76.64% of the total export value of auto products, with the market share increasing by 0.36 percentage points compared with the previous year. The proportion of complete vehicle exports was only 15.23%, far lower than that of parts exports. Overall, the export situation of auto parts in 2014 was relatively good. The export of auto parts has become the main factor driving the growth of auto product exports. The export value of the four major categories of auto parts (engines, auto parts, accessories and bodies, auto and motorcycle tires, and other automotive-related products) all increased compared with the previous year. Among them, a total of 3.6622 million engines were exported, up 10.56% year-on-year. The export value was 1.68 billion US dollars, increasing by 6.69% year-on-year. The export value of auto parts, accessories and body parts was 35.359 billion US dollars, increasing by 11.96% year-on-year, with the growth rate significantly higher than that of the previous year. The growth rate of export value of auto and motorcycle tires and other automotive-related goods slowed down compared with the previous year, reaching 15.151 billion US dollars and 12.427 billion US dollars respectively, increasing by 1.83% and 5.43% year-on-year.
Based on the export data from January to December 2014, among the four major categories of auto parts, the export value of auto parts, accessories and bodies still accounts for half. Overall, the structure of exported products has not undergone significant changes, and the added value of exported products has not increased significantly. Car hub covers
In addition, according to the performance of the seven major export varieties of components (electronic fuel injection devices, bodies, seat belts, airbag devices, transmissions, drive axles, and shock absorbers) sorted out by the China Association of Automobile Manufacturers, electronic fuel injection devices have witnessed a significant decline, with a cumulative export volume of 3.128 million sets, a year-on-year decrease of 69.92%. The other six categories showed certain growth. Among them, the export value of seat belts, drive axles and shock absorbers achieved double-digit growth year-on-year, and the overall performance was relatively good. The remaining three categories achieved slight growth.