Auto Parts Imports Growing for More than 3 Year

Source: JOC

US Auto Part ImportsUS Auto Part Imports

Containers of auto parts imported through U.S. ports showed a year-over-year increase for the 13th straight quarter during the fourth quarter of 2012.

Fourth quarter imports rose over the same quarter in 2011 by 5 percent. Auto part imports jumped 18.5 percent in the third quarter, 19 percent in the second quarter, and 15 percent in the first quarter over the prior year, according to data from PIERS, a JOC sister company

Imports in the fourth quarter fell 6.8 percent to 178,418 20-foot-equivalent units from 191,401 TEUs in the third quarter of 2012. This drop may be due to seasonal factors. Imports had shown steady quarter-to-quarter increases since the first quarter of 2009.

Auto parts imports for all of 2012 totaled 724,271 TEUs, up 14 percent or 90,032 TEUs from 634,239 TEUs in 2011.

Japan marginally increased its top share in the market by 0.3 percentage points in 2012 to 24.2 percent. Other top countries of origin for U.S. auto part imports in 2012 were mainland China, with 20.5 percent, down 1 percentage point; South Korea, 15.8 percent, up 1 percentage point; and Germany, 12.4 percent, up 1.1 percentage points.