Dongying tire export dives in Feb.

Tire export value from Dongying, one of China's biggest tire production base in China, decreased 23% to 298 million dollars during January to February, compared to the same period in 2015. 

And tire export value in February monthly decreased 52 million dollars to 123 million dollars, year-on-year down by 24.24%.

Shandong Wanda Tongbao Tire Co.,Ltd and Shandong Xingyuan International Trade Company respectively exported 30 million dollars and 29 million dollars of tires during January and February, listing top 1 and top 2 tire exporters in Dongying and taking 4.7% and 4.6% of local tire export market.

With anti-dumping and anti-subsidy duties collected on passenger and light truck tires imported from China by U.S.A since 2015, pretty tire exporters in Dongying were suffered large loss in the past year.

Now, new round of anti-dumping and anti-subsidy investigations on truck and bus tires from China is undergoing, which may be another blast on Chinese tire export. 

Wanda Rubber Group, mother company of Wanda Baotong Compay, said they have prepared to seek for lower duties in this investigations.