China’s Tire Exports May Be More Serious

China’s tire exports may be more serious in the coming days, according to the Tire Division of China Rubber Industry Association.

Statistics show that in the first five months of this year, the export volume of auto tires from China increased 8.7% year on year, but the value dropped 6.1%.

The export volume of passenger car tires grew 5.1%, while the value decreased 8.3%, with a unit price of 2.55 U.S. dollars/kg, down 12.8%.

The export volume of truck and bus tires rose 10.8%, while the value declined 4.6%, with a unit price of 2.07 dollars/kg, down 13.9%.

In the first five months, China’s export volume of truck and bus tires to the U.S. soared 16.9% year on year, while the value declined 0.2% and the unit price was down 14.3%.

At the beginning of this year, U.S. and India launched anti-dumping and anti-subsidy probes against truck and bus tires imported from China in succession, some exporters increased the exports before the preliminary rulings.

Shi Yifeng, secretary general of the tire division of CRIA, said such moves were unfavorable for the results of the preliminary rulings.

Shi said besides the anti-dumping and anti-subsidy probes in some countries, technical barriers in EU and other developed countries were set up with stricter requirements, which will affect ordinary exports of tires from China.