Changes in Leading Tire Exporters in Dongying in Aug.
In the first eight months of this year, rubber tire exports in Dongying, Shandong province, totaled 10.49 billion yuan, down 5.9% year on year.
Among the leading exporters, the exports of Shandong Xingyuan International Trade Co., Ltd. grew 10.1% year on year to 1.08 billion yuan; and those of Shandong Jinyu Industrial Co., Ltd. rose 22.5% to 1.00 billion yuan.
The two were the top two tire exporters in Dongying in the first eight months.
Before that, the top two tire exporters in Dongying had been Shandong Xingyuan International Trade and Shandong Wanda Boto Tyre Co., Ltd.. In Aug., the exports of Jinyu Industrial overtook Wandan Boto and became the second largest exporter.
In August, the tire exports in Dongying totaled 1.54 billion yuan, keeping unchanged from the same period of last year.
Dongying is of the tire clusters in China with the rubber radial tire capacity accounting for around 20% of the country’s total. In the first eight months, tire export took up 45.4% of Dongying’s total volume export trade.
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
