Automobile parts exports increased by 60% year-on-year

According to a report from Xinhua News Agency, exports of auto parts from Tianjin Port between January and July this year reached $589 million, marking a 61.1% increase compared to the same period last year. Industry experts suggest that this surge is driven by growing foreign investment, improved domestic manufacturing capabilities, and competitive pricing—factors that have significantly boosted export performance. Data released by Tianjin Customs shows that general trade exports of auto parts and components totaled $300 million during the period, rising by 53.8% year-on-year, and accounted for 51.3% of the total export value from the port. Meanwhile, processing trade exports amounted to $278 million, an increase of 70%, representing 47.2% of the total. The primary markets for these exports remain the U.S., Japan, and the European Union, which together accounted for 76.6% of the total value of auto parts exported from Tianjin Port in the first seven months of the year. Foreign-invested enterprises played a major role in this growth, with auto parts exports valued at $451 million, up 69.3% from the previous year, and making up 76.5% of the total exports. Analysts from Tianjin Customs note that the increasing presence of foreign capital in China’s auto parts sector has been a key driver of export expansion. As global automotive manufacturing shifts toward China, many foreign suppliers are establishing local factories or partnering with domestic manufacturers, accelerating the development of China's auto parts industry. In addition, the cost advantage of Chinese auto parts has also contributed to the rise in exports. Domestic manufacturers now produce high-quality components such as axles, frames, steering systems, brakes, electronics, trim, safety systems, and exhaust systems that meet international standards. These parts are often priced 10% to 30% lower than their foreign counterparts, even when factoring in shipping costs. Industry insiders highlight that Chinese auto parts are particularly competitive in the European market, where they offer strong value for money. Despite the challenges, however, domestic manufacturers still face hurdles in developing high-value-added and high-tech products. A lack of advanced R&D capabilities and key technologies remains a significant obstacle to further growth. Moreover, recent fluctuations in exchange rates have increased export costs and squeezed profit margins for many companies. As the industry continues to grow, addressing these challenges will be crucial for sustaining the momentum of Tianjin’s auto parts exports.

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