China Association of Automobile Manufacturers: In December, the import value of automotive parts reached $2.14 billion, a decrease of 16.6% from the previous month and a decrease of 29.1% compared to the same period last year.

According to the data compiled by the China Association of Automobile Manufacturers (CAAM) from the General Administration of Customs, in December 2024, the import value of automotive parts and components reached 21.4 billion US dollars, a decrease of 16.6% compared to the previous month and a decrease of 29.1% year-on-year. From January to December 2024, the import value of automotive parts and components reached 294.4 billion US dollars, a decrease of 1.4% year-on-year. According to the data compiled by the China Association of Automobile Manufacturers (CAAM) from the General Administration of Customs, in December 2024, the export value of automotive parts and components reached 97.8 billion US dollars, an increase of 11.2% compared to the previous month and an increase of 16.1% year-on-year. From January to December 2024, the cumulative export value of automotive parts and components reached 1056.1 billion US dollars, an increase of 6.8% year-on-year.