Zhaoqing Junhong exports surging

In the first four months of this year, Zhaoqing Junhong Industrial Co., Ltd. exported 1.32 million tires, valued 33.70 million US dollars, up 67% and 74%, respectively, hitting new record high.

The company exported about 780,000 tires, valued 26.14 million dollars, to countries and regions along the Belt and Road initiative, accounting for 60% of its total export volume.

In addition, the tire producer exported tires to Thailand, Georgia, Bangladesh, Israel, and Romania for the first time.

Tires produced by Junhong Industrial were exported to over 100 countries and regions across the world, and its Maxtrek tires were sold in Wal-Mart.

Over the past few years, the US launched frequent trade investigation against tires imported from China, while the EU lifted the standards for tires to access its market. The negative factors have all impacted Juhong Industrial’s tire export.

Under such circumstances, Zhaoqing Inspection and Quarantine Bureau helped Junhong Industrial develop Thai, Malaysian, Israeli, Bengali and other markets along the Belt and Road initiative, to reduce its dependency on traditional markets in Europe and North America.

The government authority investigate the impacts of technical trade approaches on tire exporters, offered useful information to tire producers, and help them research and analyze the markets along the Belt and Road initiative.