China: Auto Exports Surpass Imports for 1st time

05/12/2005

China's auto exports exceeded imports for the first time -- by 7,000 units in the first ten months this year, the Ministry of Commerce reported Sunday.

Auto exports more than doubled from January to October to 135,000 units, while imports fell 11.6 percent year-on-year to 128,000.

The Ministry of Commerce report said that exported China-made automobile largely include commercial use vehicles -- accounting for over half of the total -- as well as low-priced small cars. Most of them went to developing nations, such as Algeria, Syria and Vietnam.