In recent years, the rapid development of China's auto industry has driven the rapid development of the auto parts industry and the rapid growth of exports. According to statistics from Qingdao Customs, from January to August, Shandong Port exported 200 million U.S. dollars worth of auto parts, an increase of 33.4% compared with the same period of last year, accounting for 13.2% of the total export value of auto parts in China.
These auto parts are mainly exported to the United States, the European Union, Canada, and South Korea, with a combined export of 174 million U.S. dollars. The rapid increase in exports is due to the fact that China's auto parts have the advantage of high quality and low price. According to insiders, China's export brakes account for about 60% of the US after-sales service market. With the continuous improvement of China's auto parts production technology and gradual improvement of the industrial chain, domestic enterprises are gradually involved in the foreign original car production supporting service industry, which will further promote the rapid development of China's auto parts industry.