Shandong's tire export increased in Sino-US tire dispute
Shandong's tire exports posted over $ 7.8 billion in 2011, increasing 54% year-on-year. Amongst, tires exported to U.S. reached $ 1.3 billion, yearly up 25%, according to data released by Shandong Entry-Exit Inspection and Quarantine Bureau.
After more than two years of export restriction, it seems that Shandong’s tire export hasn’t been effected by Sino-US tire dispute.
In recent years, Shangdong Province has claimed half of China’s tire export. During 2004 to 2010, Shangdong’s tire export rose from $ 500 million to $ 5 billion per year. Homegrown brands accounted for 80% of total value.
The U.S. decided to levy as high as 55% of special tariff on imported Chinese tires in September 2009. The stiff tariff lasted three years, which was supposed to cause over $ 380 million of tire export reduction for Shandong Province.
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