Import, export demand of Chinese auto market surged in November

• Source: Global Times
• [16:48 January 05 2011]
• Comments

The total sum of import and export of automobile products in China in November amounted to the highest in the whole of last year, according to the statistics published by China Association of Automobile Manufacturers.

The volume in November reached $10.85 billion, growth of 27.13 percent month-on-month, 44.27 percent year-on-year. The nation imported about 81,900 vehicles in November, up 47.50 percent year-on-year. 55,400 vehicles were exported in the same month, generating profits of up to $5.07 billion, with a year-on-year growth of 40.76 percent.

During the first 11 months, the value of import of auto products in China increased by 76.79 percent from a year earlier, to $50.77 billion, while the export value reached $46.77 billion, up 42.82 percent year-on-year.