Guangdong's auto parts imports have increased significantly

On September 1, the state officially abolished restrictions on the import of auto parts. According to the statistics of the Huangpu Customs, the import value of auto parts and the year-on-year growth rate of Guangdong Province in September both hit a monthly high since 2008. The auto parts imported during the month were 290 million U.S. dollars, which was a year-on-year increase of 60% and a year-on-year increase of 21.6%.

The market believes that customs data show that the abolition of restrictions on the import of auto parts has impacted on the formation of domestic auto parts industry.

In this regard, customs and market participants suggested that: First, strengthen policy guidance and support, continuously upgrade the technology upgrades and product upgrades of parts and components companies, and enhance the international competitiveness of products; Second, strengthen industrial agglomeration and actively promote professionalism and modules. As a leading auto parts industrial cluster, the Group has developed and established a number of local large-scale component enterprise groups with international competitiveness. Third, it has established a public R&D platform for small and medium-sized component enterprises to improve the quality and added value of products.

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