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China's auto exports up 28% in H1

Jul. 19, 2012 (China Knowledge) - China saw its auto exports rise 28% YoY to 487,900 units in the first half of this year, according to the latest data released by the China Association of Automobile Manufacturers.

The country's auto exports have hit monthly record for three consecutive months.

Data from the General Administration of Customs showed that China imported 511,200 automobiles in the first five months, 31.3% more than in the corresponding period of last year. The import value surged 37.74% YoY to US$22.21 billion in the period.

From January to May, China imported 206,700 passenger cars, reflecting a growth of 24.97% YoY. The import volume of SUVs increased 19.71% YoY to 195,100 units, and that of minibuses soared 67.16% YoY to 83,400 units. The total import volume of passenger cars, SUVs and minibuses accounted for 94.91% of the country's total in the period.

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