BEIJING, May 10 -- China's vehicle exports are expected to outpace imports again this year despite the higher excise tax that fueled explosive growth in car imports during the first quarter.

    "In terms of volume, exports will continue to surpass imports this year as more Chinese automakers eye selling low-priced cars to the huge overseas market," said Zhang Xin, an auto analyst from Guotai Jun'an Securities Co Ltd.

    Last year, China exported 176,239 units, 11,031 units more than it imported. It was the first time vehicle exports surpassed imports in terms of volume in more than a decade.

    For the first quarter of this year, imports soared compared to a year earlier, driven by a newly introduced higher auto excise tax.

    Imports of vehicles including chassis doubled to 50,600 units with a recorded value of US$1.694 billion, up 108 percent from a year earlier. The import spike was largely due to an increased demand for sport utility vehicles, which jumped 202 percent to 232,000 units.

    Speculation on a higher excise tax, starting last month, to be imposed on gas-guzzling models started spreading January which prompting buyers to place their orders before the government's official announcement of an increase up to 20 percent on large engine vehicles.

    However, the vehicle exports also maintained its fast growing momentum and outpaced imports as domestic carmakers like Chery Automobile Co Ltd, Great Wall Automobile Corp and Chang'an Automobile Group held ambitious plan eying the overseas markets.

    Domestic automakers exported 626,000 units of vehicles in the first quarter, soaring 140 percent from the same period of last year.

    (Source: Shanghai Daily)