China's auto exports in August down 18% m/m

The combined value of imports and exports rose 31% to US$7.417 billion in August, of which the value of imports declined 7.60% month on month to US$2.713 billion, but had a 22.58% increase year on year. The value of exports was 4.704 billion, down 1.53% month on month but up 23.32% year on year.

The data further showed that China's vehicle exports to Vietnam dropped 73% month on month in August to 859 units, and meanwhile car exports to Ukraine also slid by around 50% month on month to 3,814 units, though exports to the country in the first eight months still grew 103% year on year. The exact reason behind the decline is not unclear yet.

The total value of China's auto products imports and exports rise to US$48.818 billion between January and July, about 37% rise from one year earlier. Of this total, the value of imports grew 37.12% to US$19.27 billion while the value of exports rose 38.39% to 29.548 billion.

By Ally From:Gasgoo.com