China's auto parts exports see continued recovery in the first two months

By：Belt and Road Portal Update：2022-04-09

BEIJING, April 8 (Xinhua) -- China's auto parts exports saw continued recovery in the first two months of 2022, said the China Association of Automobile Manufacturers (CAAM) on Thursday.

The total value of auto parts exports during Jan.-Feb. period stood at 14.22 billion U.S. dollars, up 8.1 percent year on year.

Industrial experts believe that the great performance of China's auto parts exports can be attributed to a number of factors, including growing demand from the overseas amid a slow recovery of global supply chain during the pandemic, stable production ability and cost-effective prices of China's auto parts exporters, and a more important role played by China enterprises in the industry powered by their industrial transitions and upgrade.