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The day before China’s auto exports exceeded one million vehicles, the reporter got the customs import and export data of commercial vehicles organized by the Automobile Industry Sub-Council of China Council for the Promotion of International Trade. While stimulating the breakthrough in the auto industry's breakthrough of one million vehicles, it also delights in the export of commercial vehicles.
In 2012 and 2011, China’s commercial vehicles, especially trucks, plunged in the market, but exports have grown steadily, and people who are concerned about the development of commercial vehicles are pleased.
The export of China's commercial vehicles has grown steadily, especially since the growth rate of exports exceeds the export volume, indicating that export efficiency has increased. At the same time, imports fell further, and the trend of domestic commercial vehicles replacing imported products was even more pronounced.
China's export market for commercial vehicles is mostly developed countries in the Middle East, Southeast Asia, South America and Africa. There is basically no independent auto industry in these countries and the demand is mainly imported. Relative to the products of developed countries, China's commercial vehicles are cost-effective. After the brand and after-sales service network construction is gradually strengthened, the export competitiveness of commercial vehicles will be further enhanced. At the same time, the economy of the major export regions is in a recovery period, which has become another driving force for the growth of commercial vehicle exports.
There is also concern about the growth of commercial vehicle exports.
In fact, the current overseas market layout of many commercial vehicle companies is mainly in developing countries. Exports can not only release domestic production capacity but also win international market returns. However, many domestic companies have concentrated on similar market developments and there are clear signs of "domestic international competition." In the long run, it will affect the healthy development of domestic enterprises.
It should be noted that China’s auto companies will face greater and greater challenges in participating in international competition in overseas markets. First of all, China’s competitive advantages in low production costs continue to weaken, labor costs rise irreversibly, and the advantages of low labor costs gradually weaken. The pressure of environmental protection has been continuously increased, the shortage of resources is also very prominent, and the restrictions on the export of commercial vehicles in China are becoming stronger and stronger.
At the same time, factors such as the appreciation of the renminbi and trade barriers will increase the export costs of enterprises. Some experts have pointed out that China’s lack of resource bargaining power and rising import costs objectively lead to RMB appreciation and internal devaluation. Therefore, the comparative advantages and competitiveness of commercial vehicles in China are facing challenges.
In addition, with the continuous application of new technologies and new standards, the impact of non-tariff barriers on export trade has also grown. Some new technical barriers may also have an impact on the export of Chinese enterprises. While China’s commercial vehicle companies have won product export transcripts, do not overlook the challenges that need to be addressed.
June 03, 2023