Auto Industry
Industry: Email Alert RSS FeedU.S. Imports Of Auto Parts Fell In First Half
Autoparts Report, Sept 25, 2001
A slowing economy and a softening demand for autos, resulted in lower imports of auto parts into the United States in the first half of 2001. First half imports fell to $31.3 billion, a decline of 8.2 percent from the comparable 2000 period (see table on pages 8-9).
As demand for vehicles continue to slide, U.S. manufacturers curtailed their off-shore component sourcing for many major items.
Imports of gas-powered engines dropped more than $500 million, falling to $3.07 billion - a 14.1 percent decline. Also hit hard were imports of wiring harnesses/ignition wiring sets. Imports of these labor intensive components fell by more than $313 million, or by 11.8 percent, in the first six months to $2.34 billion.
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Imports of vehicle bodies and body parts declined by 9 percent to $2.72 billion, while brakes and brake parts imports dropped 11.3 percent to $1.04 billion.
Truck and bus tire imports were sharply curtailed in the first half of 2001, dropping by more than a third to $604 million. Passenger auto tire imports were not as severely affected by the slowdown, falling only 7.7 percent to $1.03 billion.
In some cases, component import levels are attributable more toward changing consumer demand than to the overall market decline for vehicles. For example, imports of radio-tape players dropped sharply to $716 million, or by almost 29 percent, as consumers preferred cars equipped with CD-radios. Imports of CD-radios, captured under the import grouping "Other Radios," jumped by 29.3 percent to $1.01 billion.
U.S. IMPORTS OF AUTO PARTS, BY PRODUCT GROUP (In Thousands of Dollars) PRODUCT GROUP JAN. - JUN. 2000 JAN. - JUN. 2001 % CHANGE Jan-Jun 01/00 GAS ENGINES 3,569,640 3,065,597 -14.1% TRANSMISSIONS AND PARTS 3,083,521 3,007,607 -2.5% BODIES AND PARTS 2,987,617 2,718,427 -9.0% IGNITION WIRING SETS/HARNESSES 2,653,643 2,340,431 -11.8% SEATS AND OTHER FURNITURE FOR VEHICLES 1,552,977 1,546,617 -0.4% PARTS OF GAS ENGINES 1,437,469 1,329,388 -7.5% BRAKES AND PARTS 1,173,465 1,040,669 -11.3% PASSENGER AUTO TIRES 1,113,007 1,027,289 -7.7% OTHER RADIOS 781,540 1,010,200 29.3% ELECTRICAL IGNITION AND SIGNALING EQUIPMENT 758,306 739,527 -2.5% RADIO-TAPE PLAYER COMBINATIONS 1,006,001 716,371 -28.8% WHEELS AND PARTS 641,891 629,572 -1.9% TRUCK AND BUS TIRES 912,557 604,481 -33.8% LOCKS, HINGES AND PARTS 641,378 586,535 -8.6% AIR CONDITIONING COMPRESSORS AND PARTS 604,242 551,856 -8.7% SPEEDOMETER, TACHOMETERS, ODOMETERS AND PARTS 501,439 500,671 -0.2% ELECTRICAL LIGHTING AND SIGNALING EQUIPMENT 436,474 403,340 -7.6% FUEL INJECTION PUMPS AND PARTS 434,479 385,327 -11.3% HOSES AND OTHER ARTICLES OF RUBBER 360,510 366,709 1.7% BUMPERS AND PARTS 323,308 343,047 6.1% SAFETY BELTS 401,396 339,867 -15.3% SPRINGS AND LEAVES FOR SPRINGS 344,738 260,368 -24.5% PARTS OF DIESEL ENGINES 337,046 249,033 -26.1% AIRBAGS, INFLATORS AND MODULES 215,632 238,437 10.6% WINDSHIELD WIPERS, DEFROSTERS AND DEMISTERS 216,829 229,361 5.8% RADIATORS 210,307 210,400 0.0% LAMINATED GLASS/WINDSHIELDS 170,576 193,178 13.3% CATALYTIC CONVERTERS 145,864 191,063 31.0% BODY STAMPINGS 185,506 177,234 -4.5% MUFFLERS AND TAILPIPES 129,183 172,842 33.8% BALL BEARINGS 185,668 166,965 -10.1% FILTERS FOR ENGINES 164,582 163,301 -0.8% CAMSHAFTS AND CRANKSHAFTS 186,413 160,211 -14.1% ROLLER BEARINGS 154,709 145,584 -5.9% SHOCK ABSORBERS 145,063 133,526 -8.0% LEAD ACID BATTERIES 79,065 109,851 38.9% JACKS, HOISTS , WINCHES AND PARTS 116,448 109,302 -6.1% SPARK PLUGS 91,729 97,574 6.4% TRAILORS AND PARTS 108,025 81,524 -24.5% RUBBER TIRES FOR OFF-HIGHWAY VEHICLES 96,955 78,696 -18.8% TEMPERED GLASS 91,978 77,405 -15.8% BRAKE LININGS AND PADS 72,154 73,187 1.4% CASSETTE PLAYERS 58,205 60,000 3.1% FANS, BLOWERS AND PARTS 52,314 59,539 13.8% MIRRORS 62,144 57,012 -8.3% DIESEL ENGINES 106,164 55,409 -47.8% RADAR DETECTORS 41,094 35,773 -12.9% TUNGSTEN HALOGEN LAMPS 18,014 29,596 64.3% CB TRANSCEIVERS 25,191 20,149 -20.0% FASTENERS FOR MOTOR VEHICLES 17,338 17,361 0.1% TUBES FOR TIRES 5,556 7,868 41.6% BRAKE FLUIDS AND OTHER VEHICLE FLUIDS 8,799 6,218 -29.3% CELLULAR TELEPHONES 5,034 5,006 -0.6% INSTRUMENT PANEL CLOCKS & SIMILAR DEVICES 3,107 4,692 51.0% SEALED BEAM LAMP UNITS 2,514 3,110 23.7% ELECTRIC MOTORS FOR ELECTRIC VEHICLES 442 798 80.5% NICKEL-CADMIUM BATTERIES USED IN ELECTRIC VEHICLES 806 651 -19.2% ALL OTHER PARTS 4,865,860 4,360,003 -10.4% TOTAL 34,095,914 31,295,756 -8.2% Source: Compiled from U.S. Department of Commerce data.
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