According to reports, in 2013, the export value of auto parts in India continued to increase, while the import value declined due to the sluggish auto market, but the imports of parts and components from China continued to maintain steady growth. According to the latest data from the Indian Automobile Parts Manufacturers Association (ACMA), due to the long-term downturn in the domestic automobile market in India, in 2013 the country’s auto parts imports fell by 5% year-on-year to US$12.7 billion. China remained the largest source of imported parts for India in 2013, and exported a total of US$2.62 billion worth of auto parts to India, up 10% year-on-year. Germany followed closely, and exports to parts of India for 2013 The year-on-year decrease was 3% to 1.86 billion U.S. dollars; India's imports from Japan in 2013 reached 1.62 billion U.S. dollars, down 14% year-on-year. India's imported auto parts are mainly divided into two major categories. The first category is high-tech parts, mainly imported from Germany, Japan, South Korea and Thailand; while imports from China are mainly aftermarket parts. Despite the shrinking of parts and components import business, the export business of parts and components in India continued to grow, with a year-on-year increase of 4.4% to US$6.99 billion. The United States is India’s largest export market for parts and components. Last year’s exports fell by 7% to 1.98 billion U.S. dollars. Exports to Germany, the second largest export market, rose 8.6% year-on-year to US$780 million. The market value of Britain's exports reached 580 million U.S. dollars, which was also a 3.6% year-on-year increase. Powder Coated Temporary Fence,Metal Fence Panels,Temporary Welded Fence,Temporary Welded Fencing Anping Xinghong Metal Wire Mesh Co.,Ltd , https://www.apironwire.com
China's exports of parts and components in India reached US$2.6 billion in 2013