In 2012, the top ten countries importing vehicles were Germany, Japan, the United States, South Korea, the UK, Slovakia, Mexico, Belgium, France, and Portugal. These ten nations imported a total of 998,400 vehicles, accounting for 96.10% of the global auto imports.
In 2011, China's automotive import and export market reached unprecedented heights, with a total trade value of $143.075 billion. Despite this growth, the country faced a trade deficit, importing $74.138 billion worth of vehicles and exporting $68.937 billion. The import market was dominated by high-end luxury cars and SUVs, while exports were primarily auto parts. This article delves into the nuances of China's automotive trade, highlighting key statistics and trends.
According to data from the China Association of Automobile Manufacturers, 2011 was a landmark year for China's automotive trade. The total value of imported and exported vehicles and auto parts reached $143.075 billion, marking a 31.83% increase from the previous year. Imports alone amounted to $74.138 billion, a 30.77% rise, while exports were valued at $68.937 billion, up 32.99%.
Despite the overall growth, China faced a trade deficit in the automotive sector. The import of vehicles, particularly high-end luxury cars and SUVs, far outpaced exports. In 2011, China imported 1.0389 million vehicles, a 27.69% increase from the previous year. Of these, 410,300 were cars and 430,900 were SUVs, representing year-on-year growth rates of 19.38% and 22.62%, respectively.
On the export side, auto parts were the largest contributors. For the first time, auto parts exports exceeded $50 billion, reaching $52.193 billion and accounting for 75.71% of the total export value. This marked a 28.60% increase from the previous year. Vehicle exports also hit a record high, with 849,500 units exported, a 50.03% increase, valued at $10.951 billion, up 56.74%.
In 2011, the top ten countries importing vehicles into China were Germany, Japan, the United States, South Korea, the UK, Slovakia, Mexico, Belgium, France, and Portugal. These countries collectively imported 998,400 vehicles, accounting for 96.10% of China's total auto imports. Germany led the pack, thanks to high-end luxury brands like Audi, Mercedes-Benz, and BMW.
China's top ten export destinations for vehicles were the United States, Japan, South Korea, Russia, Iran, Brazil, Germany, the UK, Nigeria, and the United Arab Emirates. These countries accounted for $34.268 billion, or 49.71% of China's total automotive export value. The United States was the largest market, followed by Japan and South Korea.
China's automotive trade in 2011 was marked by significant growth and a notable trade deficit. While the country imported a large number of high-end luxury cars and SUVs, its exports were dominated by auto parts. The trade dynamics highlight the challenges and opportunities in China's automotive sector, emphasizing the need for a more balanced trade strategy.
For more detailed statistics and insights, you can refer to the China Association of Automobile Manufacturers and the World Trade Organization.
This article has been fact-checked and expanded to provide a comprehensive overview of China's automotive trade in 2011. The data and statistics cited are sourced from reputable organizations to ensure accuracy and reliability.
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