Tires valued at over 6-billion-yuan Come from This Place

In the first five months, rubber tire exports from Dongying, Shandong province, totaled 6.02 billion yuan, down 7.5% year on year.

Shandong Xingyuan International Trade Co., Ltd. exported tires of 653 million yuan, and Shandong Wanda Baotong Tyre Co., Ltd.’s export value was 622 million yuan. The two were the top two tire exporters in the city.

Statistics show that Dongying’s tire export value in May was 1.64 billion yuan, down 10.72% year on year, but increased 465 million yuan from April.

Dongying is a gathering place of China’s tire companies. The city’s rubber radial tire capacity takes up about 20% of China’s total. In 2015, the city’s output of tire casings was 147.79 million, up 4% from 2014.

Statistics released by the Customs show that in January-April, inflated rubber tires exported from Shandong port were 64.96 million, up 10.2% year on year; the value of the tires was 14.27 billion yuan, up 0.7%; and the average price per tire was 220 yuan, down 8.7%.

In April, 17.39 million tires were exported from Shandong, up 1.7%; the export value was 3.71 billion yuan, down 11.9%; and the average price per tire was 213 yuan, down 13.4%.