BEIJING, Jan. 28 (Xinhua) -- China's automobile commodities trade narrowed in 2020, with its total value of automobile commodities imports and exports reaching 151.4 billion U.S. dollars, a year-on-year decrease of 4 percent, according to data provided by the China Association of Automobile Manufacturers (CAAM) on Tuesday.
Photo shows workers in a factory of the Shaanxi Automobile Holding Group in Xi'an.
Specifically, automobile commodities import value amounted to 79.15 billion U.S. dollars, down 2.5 percent year on year; while automobile commodities export volume decreased 5.6 percent year on year to 72.25 billion U.S. dollars.
In 2020, a total of 933,000 vehicles were imported, a year-on-year decrease of 11.4 percent, the value of imported vehicles was 46.7 billion U.S. dollars, a year-on-year decrease of 4.2 percent. A total of 1.082 million vehicles were exported, down 13.2 percent year on year.
In 2020, the import value of auto parts was 32.44 billion U.S. dollars, a year-on-year increase of 0.1 percent. The export value of auto parts was 56.52 billion U.S. dollars, a year-on-year decrease of 6.2 percent.
China's auto market, hit hard by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, according to the CAAM.
(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)
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