In January this year, the export of automobiles and components in Hebei Province increased for the first time after a few months of decline. According to statistics, in January, the province's automobiles (including spare parts) and parts and components were exported for a total of 52.79 million U.S. dollars, a 10.5% increase from the previous month.
Since the implementation of the new imported automobile certification system on July 1 last year, the export of cars from Russia to Russia began to shrink dramatically. On January 1 of this year, Russia increased its import tariffs on automobiles. In addition, the local economic environment continued to deteriorate. In January, Hebei Province exported only 5 vehicles to Russia, a decrease of 1,411 vehicles compared to the same period last year. In contrast to the Russian market, Hebei Provinceâ€™s auto exports to the Democratic Republic of Congo, Iraq and Kuwait, and other Asian and African countries have grown rapidly, and the Asian and African markets have become a new growth point for Hebeiâ€™s auto exports.
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