China Auto Parts Makers Make Recovery in Downturn
03 July 2009
While China's vehicle exports were severely battered by the global economic downturn, its automobile parts suppliers have been faring well in overseas markets.
According to Customs figures, in the first four months, while China's vehicles exports continued to fall, auto parts exports showed some signs of recovery.
China exported auto parts valued at $3.08 billion in the first four months, down 36.7 percent year-on-year.
However, in March and April, after seven consecutive months of drop, the export figures began to rebound.
In March, China exported 161,200 engines, 37.55 percent more than in February, and delivered auto accessories and bodyworks overseas with total value of $1.05 billion, up 59.92 percent from the previous month.
In April, although China exported 33 percent less parts over last year, the figure grew by 9.8 percent from March.
Source : english.chinabuses.com
Editor : July
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