Imports of auto parts increased 9.2% in the first 2 months of Shanghai Customs District

According to the data from Haihai Customs, the import of auto parts in the customs area in the January-February period reached US$570 million, an increase of 9.2% year-on-year. The EU is the largest source of imports. Imports of auto parts were 310 million U.S. dollars, an increase of 27%; auto parts imported from Japan were 110 million U.S. dollars, down 29.8%. Nearly 90% of the imported auto parts were imported by general trade. The import value reached 500 million U.S. dollars, an increase of 6.8%; the import value by processing trade was 0.3 billion U.S. dollars, which doubled. Foreign-invested companies' imported auto parts reached US$440 million, an increase of 7.7%; state-owned and private enterprises imported US$80 million and US$0.4 billion, respectively, which increased by 21.5% and 2.5% respectively.

According to industry analysts, the import of auto parts in the Customs District continued to grow in the January-February period, mainly driven by the increase in auto parts imports driven by the “localization” of autos, the increased import of auto parts to increase the demand for maintenance parts, and the national support for the New Deal to encourage key auto parts and components. The introduction of other factors.