On September 18th, the General Administration of Customs published tire export data for the month of August 2023. The data reveals that China experienced year-on-year increases in both tire export volume and export value, although there was a decline in these figures when compared to the previous month. However, the cumulative growth data for the first eight months of the year continues to demonstrate strong expansion.
Specifically, in August, China’s total rubber tire export volume reached 800,000 tons, marking a 19% increase compared to the same period in the previous year. However, there was a month-on-month decrease of 10,000 tons. Concurrently, the export value for August amounted to approximately 14.116 billion yuan, reflecting an 18.8% year-on-year increase.
Breaking down the data further, the export volume of new blowy rubber tires in August stood at 770,000 tons, denoting 19.5% year-on-year growth but again experiencing a 10,000-ton month-on-month decline. The export value for these tires reached 13.629 billion yuan, reflecting a year-on-year increase of 19.7%. In terms of quantity, China exported 54.66 million units of new blowy rubber tires in August, representing a 13.6% year-on-year increase but also a month-on-month decrease of 2.23 million units.
When considering the cumulative figures for the period from January to August, China’s total export volume of rubber tires amounted to 5.89 million tons, indicating a substantial year-on-year growth of 13.3%. Additionally, the export value during this eight-month period reached 103.513 billion yuan, reflecting an 18% year-on-year increase.
