According to data from the General Administration of Customs compiled by the China Association of Automobile Manufacturers, the cumulative export value of automotive parts products reached 87.03 billion US dollars from January to October 2024, a year-on-year increase of 5.7%.
The export of complete automobiles also performed well. From January to October 2024, the export quantity of automobiles was 5.2849 million, a year-on-year increase of 24.8%, and the total export amount was 98.304 billion US dollars, a year-on-year increase of 18.6%.
This growth is not accidental, but the result of multiple factors working together.
Firstly, the continuous upgrading and technological innovation of the domestic auto parts industry have significantly improved product quality and performance, enhancing competitiveness in the international market.
Secondly, the gradual recovery of the global automotive market, especially the growing demand for automotive consumption in emerging economies, has provided a vast market space for China’s auto parts exports.