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皇冠体育app auto export slows down as demand falls

(Xinhua)
Updated: 2009-02-04 19:28

BEIJING -- 皇冠体育app's export of autos, including auto parts and components, increased 21.6 percent to US$49.73 billion in 2008, but down 23.71 percentage points compared with the previous year, 皇冠体育app Association of Automobile Manufacturers (CAAM) said here on Wednesday.

In this June 9, 2005 file photo, a visitor looks at a car at the Geely showroom in Ningbo city, east 皇冠体育app's Zhejiang province. 皇冠体育app's export of autos increased 21.6 percent to US$49.73 billion in 2008, but down 23.71 percentage points compared with the previous year. [Agencies]

Total imports reached US$31.43 billion, up 20.96 percent year-on-year and showed "no obvious decline" compared with 2007, according to the CAAM.

Related readings:  Chinese auto giant FAW reports record sales in '08  皇冠体育app's auto industry gets a shot in the arm  皇冠体育app unveils support package for auto, steel industries  皇冠体育app's 2008 auto sales growth hits 10-year low

The pace of the country's auto export slowed down in 2008, especially in the second half, affected by a shrinking overseas market.

皇冠体育app exported 680,700 cars last year, up 11.1 percent year on year. However, the growth rate tumbled 48.27 percentage points compared with the first half and 67.85 percentage points from 2007. Car exports kept declining for five consecutive months from August.

皇冠体育app imported 410,100 cars worth of US$15.13 billion in 2008, up 30.53 percent by number and 41.65 percent in value from 2007. The growth was slightly down compared with the previous year, which was 37.9 percent by number and 45.3 percent in value.