China’s auto exports in November 2009 posted good performance. During the month, 40,600 vehicles were exported, up 13.43% year on year (y/y) and up 11.87% month on month (m/m), ending a downturn trend that began in August 2008, media reported, citing industry data.
The vehicle export value in November reached $3.604 billion, up 1.42% y/y and up 7.10% m/m, according to the China Association of Automobile Manufacturers (CAAM).
Meanwhile, China imported 53,800 autos in November, up 61.54% y/y and up 14.71% m/m. The import value surged 73.43% from a year earlier and 18.35% from October to $2.05 billion.
In the first 11 months, the country’s auto export value totaled $32,748 billion, down 29.53% y/y, and auto import value during the same period totaled $61,468 billion, down 0.74% y/y.
The value-added industrial output of China’s auto sector will likely grow by 11% to 12% and sales volume will grow by 15% in 2010, predicted Dong Yang, general secretary of the association.