According to the latest report from CCTV Finance's "Economic Information Broadcast", China's tire export performance has achieved significant growth this year. Data shows that China's tire export volume and export value have increased significantly, especially in the European, American and Middle Eastern markets.
Overseas demand for Chinese tires has surged this year, especially in Europe, the Middle East and other regions. Many overseas dealers have expressed their high praise and urgent demand for Chinese tires. For example, a dealer from Saudi Arabia mentioned that they sold more than 100,000 Chinese tires in the first half of this year, and customers continued to inquire about new sources. At the same time, dealers in Turkey and Italy also said that Chinese tires are extremely popular in the local market, and supply often exceeds demand.
It is understood that according to data released by the General Administration of Customs of China on November 18, in October 2023, China's automobile tire exports reached 612,681 tons, a year-on-year increase of 15.6%. The export value reached 1029,397 million yuan, an increase of 15.8% over the same period last year. In the first 10 months of this year, the cumulative export volume of China's automobile tires was 6,303,137 tons, a year-on-year increase of 15.3%, and the export value reached 106,404,500,000 yuan, an increase of 18.8%. In addition, China's new pneumatic rubber tire exports in October alone were 48.81 million, a year-on-year increase of 18.8%; and the cumulative export volume in the first 10 months was 511.52 million, an increase of 10.0%.
Analysts pointed out that this growth momentum of China's tire manufacturing industry not only demonstrates the competitiveness of Chinese products in the global market, but also reflects the continuous progress of China's manufacturing industry in quality and innovation. It is expected that China's tire exports will continue to maintain a strong growth trend in the future.