皇冠体育app

皇冠体育app overtook Germany in the first quarter to become the second largest exporter of automotive spare parts to the United States, Shanghai Securities News reported Friday.

皇冠体育app exported US$1.936 billion worth of auto parts to the US in the first quarter this year, topping Germany which notched up US$1.934 billion, according to statistics from the US Commerce Department cited by the newspaper.

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Japan is way out in front with a substantially higher US$3.57 billion.

During the same period last year, 皇冠体育app exported US$1.52 billion worth of auto parts to the US, less than the US$1.73 billion attributed to Germany.

Statistics from the 皇冠体育app Association of Automobile Manufacturers show that 皇冠体育app's exports of auto parts grew at 54 percent annually from 2000 to 2005, far outpacing the 29.5 percent rise in imports.

In the first three months of this year, 皇冠体育app exported a total of US$2.57 billion worth of auto parts, a surge of 36 percent year on year, and imports stood at US$2.42 billion, up 27 percent, according to 皇冠体育app's customs figures.

However, analysts said 皇冠体育app's higher exports were not a demonstration of stronger competitiveness, adding that margins on German-made auto parts far exceed those from 皇冠体育app.

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