China records tire exports drop in December

Beijing – China exported 45 million units ‘new rubber tires’ in December 2020, down 0.2% from the same month a year ago, official state figures show.

The value of exports as presented in US dollars contracted 4%, to $1.2 billion (€1 billion), according to China’s General Administration of Customs.

Weight of these exports in December also fell 1.5% year-on-year, to 530,000 tonnes.

This is the first time in 2020 these numbers registered decrease since August.

For full year 2020, China’s tire exports shrank by 5% from 2019, to 477 million units. Annual export value declined 10%, to $13 billion; annual export volumes in tonnage fell by 3% to 6 million tonnes.

More details to follow...