China’s tire exports regain momentum in August

Beijing – China's 'new rubber tire' exports regained momentum in August following a decline earlier in July.

The country exported 53 million tires in August 2021, up 14% on the same month a year ago, according to official state figures show.

Total weight of tire exports in August 2021 reached 630,000 tonnes, up 4% on the previous year, said China’s General Administration of Customs. 

The value of exports in August as presented in US dollars increased by 17% year on year, to $1.5 billion. 

Over the first eight months of 2021, China exported 386 million units tires, showing a 33% rise from a year ago. 

Export value jumped 31% from the same period in 2020, to $10.7 billion. Volumes in tonnage rose by 23% to 4.5 million tonnes.

China’s tire production in August, however, shrank by 2% from a year ago to 74 million units, said China’s National Bureau of Statistics. 

Production over the first eight months amounted to 596 million units, up 22% from the same period in 2020.