Tire export in Dongying hit record high
Latest statistics from Dongying government showed that there have been 11.21 billion yuan of tire exported from Dongying, Shandong Province during January to July in 2018,year-on-year increasing 10.2%.
In July, there were 1.99 billion yuan of tire exported from Dongying, hitting the highest record since 2016, and showing high growth compared to the last month.
At the same time, there were 1.35 billion yuan of natural rubber imported, yearly decreasing 10.1%, and 400 million yuan of synthetic rubber, yearly down by 10.8%.
Dongying is one of most important tire manufacture bases in China, and tire export took over 50 percent of local export.
In the past seven months, there have been 87.6 billion yuan of total export&import value in Dongying. Amongst, there were 20.58 billion yuan of export, yearly up 8.6% and 67.02 billion yuan of import, yearly up by 21.1%.
- 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
