Guangdong auto parts doubled exports to Russia and India

According to statistics from Guangzhou Customs, from January to April 2010, Guangdong exported 630 million US dollars of auto parts, an increase of 35.9% over the same period of last year, and the export to Russia and India doubled.

It is understood that Guangdong auto parts exports began to decline year-on-year since November 2008. After reaching a trough in February 2009, the export value rebounded month by month, and the decline rate has gradually narrowed. Since November last year, it has achieved year-on-year growth for six consecutive months. . In April of this year, the export volume was 160 million U.S. dollars, although it increased by 22.2%, but it was down 11.2% from the same period of the previous year. It was the first time in the year that the monthly scale was lower than the same period in 2008.

Guangdong auto parts are mainly exported to the United States, Japan and the European Union, and exports to Russia and India doubled. In January-April, Guangdong exported US$130 million to US auto parts, up 32%; exported US$90.35 million to Japan, up 90.1%; exported US$84.23 million to the EU, up 55.5%; and exported US$46.66 million to ASEAN, growth 44.4%; exports to Russia reached 12.74 million US dollars, a substantial increase of 1 time; exports to India 9.95 million US dollars, a substantial increase of 1.3 times.

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