Russia imports about 15% of auto parts products from China each year

-Russia imports about 15% of auto parts products from China each year, and Chinese auto parts products have a strong competitive advantage in Russia. Published by China Business News Network
China Business News Network Recently, a briefing on the business development of Chinese auto parts companies in Russia was held. A total of nearly 50 people from more than 20 companies from Jiangsu, Zhejiang, Anhui, Sichuan, Beijing and other provinces and cities participated online. This briefing was jointly organized by the Automotive Branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products and the governing unit of the China-Russia Chamber of Commerce for Machinery and Electronics-Shipei (Beijing) Technology Co., Ltd.
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"Currently, the annual car ownership in Russia is approximately 46 million units, making it the fifth largest car market in the world." Sheng Guofei, Secretary-General of the China-Russia Chamber of Commerce for Machinery and Electronics, said when introducing the Russian car market and the demand for auto parts products at the meeting. The survey showed that Russia The consumption growth rate of new cars in the domestic automobile market is relatively low. Old and used cars have accounted for more than half of the country. Russia has a huge demand for auto parts, and the supply of original parts is insufficient. This has led to Russia’s tendency to import cost-effective foreign parts and components. Chinese auto parts Manufacturers attach great importance to and are optimistic about the Russian auto parts market for a long time. According to statistics, Russia imports about 1.7 billion U.S. dollars of auto parts products from the world each year. The top three importing countries are Japan (420 million U.S. dollars), Germany (390 million U.S. dollars), and China (280 million U.S. dollars). Imported auto parts products account for about 15%. This is mainly due to the fact that China has European, American, and Japanese vehicle OEM and export performance, and has its own brand car factories, complete upstream, midstream and downstream supply chains in the industry. China's auto parts products rely on Higher cost performance has a strong competitive advantage in Russia.
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According to the general situation, data and characteristics of China's automobile and parts export, Chen Jingjing, deputy secretary general of the Automobile Branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, introduced and analyzed the characteristics of electrification, intelligence, networking, and sharing in the current Chinese automobile industry. Its impact on the transformation and upgrading of the auto industry, and a key interpretation of the Sino-Russian auto trade.

Industry experts combined the company’s business in Russia, Russia’s climate characteristics and car usage, the Russian auto parts market sales system, the technical requirements and technical parameters of auto parts products, and the demand for auto parts products of the top-ranked models in Russia, and focused on analyzing China The difficulties, pain points and market prospects of auto parts companies in developing the Russian market, and expressed their joint efforts with the Chamber of Commerce of the Electrical and Mechanical Services to bring together leading companies in the national auto parts industry and domestic auto parts industry gathering bases to form a collective advantage and promote more Chinese auto parts products to enter Russia and the Eurasian Union market.
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