China Jan Pneumatic Tire Exports Fall 14 Pct

China exported 3.471 million units of new pneumatic tires in January 2016, down 14.4 percent from the same period last year, according to latest statistics released by the Customs.

The value of the exports came to 6.093 billion yuan, down 16.1 percent year on year.

The following chart shows China’s exports of new pneumatic tires in January 2016, as compared with monthly exports in 2015.

The following chart compares China’s exports value (Unit: RMB10,000) of new pneumatic tires in January 2016 with the monthly exports value in 2015.

The United States recent anti-dumping and countervailing investigations on imports of OTR tires, medium and heavy truck tires from China has yieldmixed results, with an end of probe into the OTR tires but continuous investigation into truck and bus tires.

According to tireworld.com.cn, the United States accounts for 40 percent of China’s tire exports. However, with inflated duties as a result of increased antidumping and countervailing probes, some companies have to give up the U.S. market. 

China’s tire exports to the U.S. continues to aggravate across the board. From January to November 2015, China exported 288,320 tonnes of tires to the U.S, down 44.61 percent year on year.

During the first three quarters in 2015, shipments from east China’s Shandong ports declined 128.5 million units, reflecting the factor of anti-dumping and countervailing effects measured at 95.2 percent.

Since China’s accession to the World Trade Organization, it has witnessed increasing trade and trade frictions with other countries, said Su Fei, director of China Enterprises Overseas Development Center (CEODC).

The frequent antidumping and countervailing investigations imposed on Chinese component manufactures is mainly a result of the competitive prices which have caused pressure on importing countries, he explained. 

The U.S. investigations, as well as trade barriers set by others countries, have cast shadows on China’s tire exports in the days ahead.