Car Assembly: Imports bill of CKD-SKD kits up in Q1 2019

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ALGIERS- Algeria has imported USD920.86 million worth of CKD-SKD kits meant for car assembly in the first quarter 2019, against USD758.47 million over the same period in 2018, an increase of 21.41%, the General Directorate of Customs told APS.

The amount of SKD collections used in the assembly of light vehicles reached $ 694.23 million in the first quarter of 2019, compared with $ 652.66 million in the same comparison period of 2018, an increase of of nearly 41.6 million dollars (+ 6.37%), specified the Directorate of Studies and Prospects of Customs (DEPD).

For their part, imports of SKD collections for the assembly of passenger and freight vehicles increased by more than 100%, reaching $ 226.63 million in the first three months of the year compared to $ 105.81 million in the same comparative period, an increase of $ 120.82 million (114.2%).

In addition, imports of spare parts used for the maintenance of used vehicles increased to $ 102.23 million in the first quarter of 2019, compared to $ 76.70 million in the same period of 2018, an increase of $ 26.53 million (+ 33.29%).

This upward trend also affected the tractor import bill, which reached $ 59.17 million, compared to $ 46.80 million, an increase of 26.43%.

Important decisions to reduce import costs

In 2018, the total import bill for the CKD-SKD collections for the assembly of vehicles (for tourism and utilities) and the import of vehicles for the transport of persons and goods (finished products) amounted to more than 3 , $ 73 billion in 2018, compared to $ 2.2 billion in 2017, an annual increase of $ 1.53 billion (+ 70%).

The local assembly of vehicles has achieved a production of 180,000 passenger vehicles in 2018 (against 110,000 in 2017) and 4,500 industrial vehicles in 2018.

The continued rise in imports of CKD-SKD kits, particularly in recent years, has prompted the government to make decisions to limit imports in order to reduce the balance of payments deficit and preserve foreign exchange reserves.

 

APS

 

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