According to data from the China Association of Automobile Manufacturers, China’s auto exports fell 22% in April this year, and overseas shipments fell 15% in the first four months of this year. Customs statistics show that from January to May 2015, China's auto exports were 334,000 units, down 9.1% year-on-year, but the export value reached 5.4 billion US dollars, an increase of 4.2%, higher than the overall growth rate of foreign trade by 3.6 percentage points. The unit price increased by 14.7%, and the structural adjustment showed positive changes.
In response to the reasons for the rapid decline in China’s auto exports, Shen Danyang, a spokesperson for the Ministry of Commerce, responded at a regular press conference yesterday that this is a combination of exchange rate fluctuations, geopolitics, frequent trade restrictions and localized production of car companies. Factor superposition leads to.
"China's automobile exports have grown from scratch, from small to large, and have developed rapidly in recent years, promoting the development of the automobile industry. It took only 10 years for China's automobile exports to reach 2 million units in 2002 and 2012." Shen Danyang pointed out that after 2013, China's auto exports began to slow down due to factors such as sluggish demand in emerging markets.
Shen Danyang said that after preliminary analysis, there have been four main reasons for the decline in the number of automobile exports this year: the first is the exchange rate factor. China's major automobile export market is an emerging and resource-dependent country. Due to factors such as the decline in international oil prices and commodity prices, the local economy is weak, the currency is depreciating, and demand is falling. On the other hand, the currencies of automobile exporting countries such as Japan and South Korea depreciated by 18.5% and 8.7% respectively, and their product price competitive advantages were significantly improved.
Secondly, due to the turmoil of the geopolitical political situation, China’s exports to Algeria and Iraq fell by 40.8% and 76.1% respectively. Frequent trade restrictions have also increased the difficulty of exporting cars. Ecuador imposed import quota restrictions, Nigeria increased import tariffs on vehicles, and Algeria’s new export technology regulations, China’s exports fell by 29.6%, 55.9% and 40.8% respectively. In addition, the pace of overseas investment and construction of Chinese auto companies has accelerated, and localized production has been realized. Some of the auto exports have been converted into parts and components. From January to May, China's spare parts exports increased by 6.3%, which was higher than the national foreign trade and vehicle exports by 5.7 and 2.1 percentage points respectively.
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