Empirical Study On The Impact Of Exchange Rate And Export Of Auto Parts To Japan

In recent years,China’s automobile vehicle exports maintained a steady growth.However,the good performance of automobile vehicle did not bring to auto parts enterprises enough opportunities.As part of the auto industry chains,local auto parts enterprises didn’t follow the pace with those famous auto enterprises in brand building.Export volume is one of the inspection standards which test the level of development of automotive industry in a country or region.There is serious imbalance of import and export between China and Japan that auto parts import and export deficit is approximately 21.849 billion Chinese Yuan in 2016.On the one hand,exchange rate are one of the important factors affecting import and export trade.But the response of each industry to exchange rate changes will be different.On the other hand,there are some weaknesses in China’s auto parts industry both in the scale of exports and product structure,which restricting the rapid development of China’s auto industry.Based on the above background,it is necessary to analyze the exchange rate and China’s auto parts exports to Japan for empirical research,by a scientific point of view a comprehensive evaluation and analysis of exchange rate changes and other factors on China’s auto parts enterprises impact,in order to promote China’s auto parts enterprises bigger and stronger,improve export competitiveness.So that China’s auto parts enterprises in the export trade are no longer in an unbalanced position.First,this paper introduces the research background,research content,and innovation,collect a large number of related research in exchange rate and auto parts export trade,and introduces the exchange rate of the relevant concepts,changes in the process and the impact of exchange rate on the trade theory.Second,use a large number of data and charts on the export of auto parts exports to Japan to introduce the background of empirical research.introduce the definition,experience stage,and export status between China and Japan of auto part.Thirdly,analyze the relationship between exchange rate change and auto parts export to Japan by using the method of smooth ADF unit root test,Engle-Granger two-step cointegration test,Johansen cointegration test and error correction model.The results show that auto parts exports to Japan,domestic car orders of Japan and the real exchange rate of RMB are in a long-term equilibrium.Finally,some suggestions are put forward to promote the development of export trade of auto parts enterprises from the perspective of exchange rate change and the structure of auto parts export.