Shandong Tire exports increased 29.1% YoY in the first quarter

The reporter learned from Qingdao Customs that in the first quarter of this year, Shandong tire exports were 37.74 million, an increase of 17.5% over the same period of last year; the value was 1.92 billion US dollars, an increase of 29.1%. Since January of this year, Shandong tires have maintained a high level of export volume . In February, the volume of exports fell sharply. The volume of exports in March hit a record high, with 14.34 million exports in the month, a year-on-year increase of 28.6% and a year-on-year increase of 72.1%. Value 7.8 Billion US dollars, an increase of 28.3% year-on-year, an increase of 56.1%.

At present, the EU, the United States, and ASEAN remain the major markets for Shandong tire exports. Regarding the reasons for the rapid growth in the export volume of tires, industry insiders analyzed that at present, under the circumstances that the price of natural rubber is expected to rise, a new wave of tire inflation prices in the world will follow. A few days ago, major tire manufacturers such as Bridgestone, Goodyear, Michelin, and Kumho announced that they would once again increase the tire prices in the US market, and the price increase was generally higher than 4%. This tide of price increases has now affected our country. The recent domestic tire prices will also enter an all-round increase stage. The long-term price of tires is bullish, and foreign traders have caused a surge in exports of tires as a result of a large number of shipments.

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