According to Ningbo Customs statistics, from January to November, Ningbo City, the total import and export value of 1.29 trillion yuan, year-on-year (the same below) an increase of 10.1%, the scale of imports and exports exceeded last year's full year, and continue to maintain the national ranking of the city's foreign trade in the 5th place. Among them, exports of 860.31 billion yuan, an increase of 12.5%; imports of 431.88 billion yuan, an increase of 5.6%.

The top three trading partners have achieved double-digit growth, the United States, the European Union, ASEAN import and export 221.23 billion yuan, 218.84 billion yuan, 173.02 billion yuan, an increase of 13%, 10.8%, 19.7%; to Latin America, Africa import and export 118.92 billion yuan, 65.77 billion yuan, an increase of 7.1%, 19.2%; to the construction of the “Belt and Road”. The import and export to and from the countries of “One Belt, One Road” amounted to 571.74 billion yuan, an increase of 9.7%; the import and export to and from Central and Eastern European countries amounted to 51.94 billion yuan, an increase of 12.3%.

As one of the traditional advantageous industries in Ningbo, the export value of auto parts and accessories has also realized significant growth. 28.71 billion yuan of auto parts and accessories were exported from January to November, an increase of 14.2% year-on-year. This data not only highlights the important position of auto parts industry in Ningbo's foreign trade, but also indicates that the competitiveness of the industry in the global market is constantly improving.

Foreign trade data continue to pick up, auto parts industry how to solidify the advantages of the traditional industry on the basis of further expansion of overseas markets, to achieve the globalization of the layout, has become the focus of attention of the current industry.

Today, Ningbo auto parts industry has formed a complete industrial system, with nearly 1,000 foreign trade companies mainly exporting to the automotive aftermarket, serving tens of thousands of auto parts and aftermarket product manufacturers; Ningbo cross-border e-commerce pilot zone has been assessed as the country's first gear, leading for three consecutive years, gathering more than 20,000 enterprises, accelerating the pace of automotive parts industry, “out to sea! “The pace of the auto parts industry to speed up the pace of the soil planted.

In the last month just concluded CAPAFAIR 2024 Ningbo International Auto Parts and Aftermarket Fair, 1,950 auto parts enterprises with products debut, attracted 24,759 buyers from 40 countries and regions around the world, of which importers and exporters, overseas purchasing office, cross-border e-commerce, such as foreign trade buyers of professional buyers amounted to 6,240 people.

“Ningbo's mature foreign trade system and rich experience provide a model for national auto parts enterprises to learn from. Ningbo has established a wide range of international economic and trade contacts and cooperation networks during its long history of foreign trade development, and we hope to take advantage of the platform and resources of the Ningbo International Auto Parts Fair to better understand the dynamics and demands of the international market, optimize product design, and formulate effective market expansion strategies.” The exhibitor from Xingtai said.

“Ningbo Cross-border E-commerce Comprehensive Pilot Zone is in a leading position in the country, gathering many cross-border e-commerce enterprises and platforms. These platforms not only provide auto parts companies with a window to showcase their products, but also provide them with market data and consumer feedback through big data analysis to develop personalized marketing strategies and pinpoint their target customer groups.” Mr. Zhou, a cross-border e-commerce buyer, said, “With the help of cross-border e-commerce, auto parts enterprises are able to reach global consumers more efficiently, realize rapid transactions in small quantities and multiple batches, and lower the threshold for entering the international market. Enterprises should make full use of this platform to enhance brand awareness and expand overseas market share.”

A number of exhibitors at CAPAFAIR 2024 Ningbo said that they have already enhanced their position in the global supply chain by establishing overseas R&D centers or cooperating with internationally renowned car companies and parts suppliers to jointly develop new technologies and products. Meanwhile, many enterprises have enhanced their brand awareness and influence in the international market by participating in international exhibitions, setting up overseas warehouses and optimizing after-sales service networks.

Ms. Zhu, a buyer representative of the Overseas Procurement Office, believes, “Domestic auto parts enterprises should strengthen the docking with the international market, understand the global industry dynamics, and actively participate in international exhibitions like CAPAFAIR to expand overseas sales channels.”

As foreign trade data continues to pick up, the auto parts industry is showing strong resilience and vitality in its globalization layout, actively exploring market strategies and finding new growth points through innovation-driven, quality-enhancing, market-diversifying and cross-border e-commerce empowerment.

As an international exhibition brand for auto parts and aftermarket, CAPAFAIR is committed to building a professional trade and communication platform for global auto parts manufacturers and buyers. CAPAFAIR Hangzhou 2025 and CAPAFAIR Ningbo 2025 will be held at Hangzhou Grand Convention & Exhibition Center and Ningbo International Convention & Exhibition Center on April 21-23, 2025 and August 13-15, 2025 respectively, which will continue to play the role of a bridge linking the domestic and overseas markets and provide a broader stage for the globalization and layout of automotive parts and accessory enterprises. It will continue to play its role as a “bridge” linking domestic and overseas markets, providing a broader stage for auto parts enterprises' globalization.