China overtook Germany to become the second largest exporter of automotive
spare parts to the United States. China exported $1.936 billion worth of auto
parts to the US in the first quarter this year, pipping Germany, which notched
up $1.934 billion.
remained the top exporter of auto components to the US with annual exports of
worth $3.57 billion.
exported $1.52 billion worth of auto parts to the US - less than the $1.73 billion
exported by Germany - during the same period last year, Shanghai Securities News
said quoting statistics from the US department of commerce.
auto parts exports grew at an annual 54 per cent from 2000 to 2005, far outpacing
the 29.5 per cent rise in imports, statistics from the China Association of Automobile
the first three months the current year, China''s auto parts exports grew 36 per
cent to $2.57 billion year-on-year while imports rose 27 per cent to $2.42 billion,
customs figures showed.
auto parts exports have increased more than six fold in the last five years, nearly
topping $1 billion in April and emerging as one of the fastest-growing categories
of Chinese industrial products sold overseas. More than half of these auto parts
go to the United States; most of the rest to Europe and Japan.
rise of Chinese auto parts exports is part of a much broader shift. China is moving
up from basic goods like textiles, toys and shoes and toward higher-value industrial
goods that pay better wages - but also compete more directly with products from
countries like Mexico and even from advanced industrialized countries like the
while China has room for considerable growth in auto parts exports to the United
States, it is not competitive overseas in bulky products like car seats that are
uneconomical to ship or need to be manufactured close to a car factory for quality-control
reasons. And China''s rising labor costs and strengthening currency are making
automakers leery of becoming too dependent on China for parts that can be shipped.
said China''s higher exports were not a
demonstration of stronger competitiveness, adding that margins on German-made
auto parts far exceed those from China.