Automobile Parts & Supply Industry

Automobile Parts and Supply Industry Having suffered as a result of the global economic recession, the automotive parts and supplies industry is likely to begin recovering soon. The export of US automotive parts rose over 36% in 2011 to more than $58 billion says the International Trade Administration, with almost 85% of exports going to Canada. Mirrors Tailgates Trunk Lids Noods Neader & Nase Paneis 36% Tail Lights Radiator Supports Step Bumpers Grilles A/C Condensers Bumpers Doors Headlights Fenders Radiators 44% Automotive imports climbed more than 44% to almost $91 billion in 2010, with Chinese imports up 35% to $10 billion The trade deficit concerning US automotive parts in 2010 reached almost $33 billion, an increase of over 61% on the previous year. $33 billion Around 70% US automotive parts are produced for original-equipment products, with the remainder produced for the aftermarket, involving the repair and modification of vehicles. As this industry is directly linked to the automotive industry, it rises and declines according to demand and sales of vehicles. Piktochart Issued by TUNINGME.COM make information beautiful