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China's tire export realized weak growth in 2019

According to China Customs' datas, China's tire export monthly rose in December 2019, and realized annual export growth in 2019.

Statistics showed that China exported 45,190,000 units of new pneumatic tyres in December 2019, year-on-year rising by 4.6%, but export value yearly decreasing 0.9% to 8.66 billion yuan.

Tire export volume rising while export value decreasing means average export price also sliding down, compared to the same period of 2018. 

In 2019, China accumulated exported 500,600,000 units of new pneumatic tyres, year-on-year increasing 3%, and accumulated export value yearly increased 2.4% to 101.9 billion yuan. 

Shandong Province is one of mainly tire export bases in China. However, Shandong annual tire export data of 2019 hasn't been released until now. 

In the first 11 months of 2019, there were 3,685,100 tons of new pneumatic tyres exported from Shandong, which were worth of 56.39 billion yuan.

However, it had marked decline of China's tire export since the second half of 2019.