Auto Industry Report - Current Status of Auto Exports

Current Status of Auto Exports

1. Historical Export Revenues and Main Export Destinations of China’s Auto Industry
During the period between January and November 2008, the auto export revenue totaled at USD 3.832 billion, a year-on-year increase of 17.2%; the export growth is slowing down, relatively. However, with gradual government regulations on auto export, as well as constant technological innovations in the auto industry, China’s auto industry is at a better position internationally with a bright future for the export business. (Data from China Customs)











Main Export Destinations















2. Analysis on the Exports of Key Products
. Bus
From January to November 2008, the total revenue of bus export was USD 1 billion, up 27.2% over the previous year. Export destinations: Iran, Russia, South Africa, Saudi Arabia, and Cuba, etc. (Data from China Customs)










Remarks: Details of China’s Bus Export in 2006 and 2007 (in USD)















.Car, Sedan, SUV, and All-terrain Golf Cart

From January to November 2008, the total export revenue of all small passenger vehicles was USD 2.832 billion, an increase of 14.0% over the previous year. In 2007, small passenger vehicles were mainly exported to Russia, the US, Ukraine, UK, and Venezuela. (Data from China Customs)













Remarks: Details of China’s Small Passenger Vehicle Export in 2006 and 2007 (in USD)

Auto Industry Report - Overview of Auto Industry

Overview of Auto Industry
1. Definition of Auto Industry
Autos in this report mainly refer to passenger motor vehicles, including buses, cars, sedans, SUVs,all-terrain golf carts and others.
2. Tax Rebate on Exports
After multiple adjustments, the tax rebate rate of passenger motor vehicle exports (bus, car, sedan, and SUV) is currently fixed at 17% in China, and that of golf cart at 9%.
3. Auto Industry Prospect
Since it became a member of WTO, trade between China and all countries in the world has become ever more active and frequent, especially in the case of the auto industry. The Government has designated the auto industry as a national pillar industry, and auto export as one of the areas the auto industry emphasizes to develop. Currently, auto export of our country, either automobile export or spare parts export, is satisfactory, and has achieved a enviable achievement.