China's auto parts exports have risen with the growth of the vehicle industry, and have entered the international market before the vehicle. In 1990, China National Automotive Industry Import and Export Corporation was established in Beijing, and automobiles and auto parts have been franchised by specific companies since then.
After China's entry into the WTO, the auto parts industry has further integrated into the international market, and exports have maintained rapid and stable growth. According to statistics, from 2000 to 2005, the average annual growth rate of China's auto parts exports was 54.4%, which significantly exceeded the 29.5% import growth rate.
Multinational automobile and parts companies have set up auto parts procurement centers in China one after another to increase procurement efforts. China has become the fourth largest producer and exporter of auto parts in the world after the United States, Japan and Germany.
While the export value and quantity are constantly increasing, China's auto parts exports are also undergoing changes in export forms, product structures, export regions and export markets. Chinese auto parts have entered the global procurement system.
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