Tires Takes Up Half of Total Exports of Dongying in January

Dongying, a city in east China’s Shandong Province, exported U.S. $175 million of rubber tires in January 2016, down 24.4 percent year on year.

The value of exported tires accounted for 49.6 percent of the city’s total exports, ranking first among its five major export products.

Affected by declining tire exports, the city’s total exports value fell 22 percent.

Monthly Exports Value of Tires in Dongying, Shandong Province from 2013-2016

[Unit: U.S.$ 100 Mln]

Of the major tire exporters, Shandong Xingyuan International Trade Co., Ltd. and Shandong Changfeng Tire Co., Ltd. realized exports worth U.S.$ 18 million and U.S.$ 16 million respectively, taking the first two places and representing 5.1 percent and 4.5 percent respectively of the total tire exports.

The Chinese tire market has been following closely the anti-dumping and countervailing investigations by the United States on truck/bus tires imported from China. It is learned that the investigation involves over 100 Chinese exporting companies and huge amounts of export products.

The value of cases involved in the investigation were estimated at around U.S.$ 2.2 billion yuan. In view of the huge interests, the Chinese side has been working actively and in concerted efforts to respond to the cases.

Shen Jinrong, chairman of the Hangzhou Zhongce Rubber Co., Ltd. called on domestic tire manufacturers not to seek short-term benefits and export products in a swarm, in order to avoid any possible adverse impact on the defense against the investigation.