In June, China's auto parts imports reached 2.547 billion US dollars, up 3.49% year-on-year

According to prospective database data, China’s automobile parts import amounted to US$2.547 billion in June 2017, a year-on-year increase of 3.49%, and cumulative import amounted to US$ 15.032 billion, a year-on-year increase of 10.2%.
The following is the statistics of the import amount of auto parts in China from June 2016 to June 2017:

Car parts import amount

The independent rise has driven the gradual maturity of the domestic parts and components supporting system. The continuous investment in the independent R&D of domestic parts and components has changed the previous weak state of the parts and components technology, and the technological upgrading has gradually gained the recognition of the International Automobile Group and the joint venture. The drop in the price of superimposed cars will provide more opportunities for parts and components companies with obvious domestic cost advantages. At the same time, overseas outreach and mergers and acquisitions of foreign companies will open up a broader market space. There is still much room for development of domestic parts and components companies in relation to foreign countries.
Forward-looking Industry Research Institute’s “In-depth Market Research Report on China's Auto Parts Manufacturing Industry” believes that despite the rapid development of China's spare parts enterprises, there is still a big gap compared to foreign advanced technologies, especially under the new trend of lightweight environmental protection, The development of domestic parts and components companies still needs to be broken. In the short term, domestic high-end auto parts still need to be imported.