China's Dalian port sees sharp rise in auto imports, Jan-July

Shanghai, September 28, 2008 (Gasgoo.com) The latest statistics released by Dalian Customs in northeast China's Liaoning Province show that Dalian Port imported 9.072 vehicles valued at US$400 million in the first seven months of this year, down 53.1 per cent and 43.6 percent year-on-year respectively.

Imports of large-engine vehicles in Dalian rose by 70 percent, accounting for 58.3 percent of the total import volume. Imports of small cars were 3,008 units, up 45.5 percent and represents 33.2 percent of the total.

A total of 5,558 vehicles with an engine displacement of at least 3 liters were imported, up 63 percent and accounting for 61 percent of the total.

In the first seven months the total value of China's auto products imports and exports rise to US$48.818 billion, about 37% rise from one year earlier, according to the statistics from the General Administration of Customs.

The Administration says imports rise because world auto giants turned to the Chinese market for growth after the U.S. economic slump and rocketing oil prices drove sales down on U.S. and European markets.

Domestic demand for large-engine vehicles also strengthened as many people bought in advance of a consumption tax hike that is due to take effective on September 1.

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