China's tyre export surging in Q1 2017

According to ECPRAMS data, from January to March, total exports of HS CODE 40112000(new type of pneumatic rubber tire used in passenger vehicle or freight vehicle) were 7.2525 million tons, up by 1.8% Y-O-Y. The top ten tire enterprises’ total exports of HS code 40112000 item is 307,310 tons in all, accounting for about 42.37% of total exports. In view of individual enterprise, the top ten enterprises exports were all more than 20,000 tons, among which Zcrubber and Triangle exported 47,610 tons and 41460 tons respectively.

Even though Zcrubber and Triangle among top ten enterprises exported more than 40,000 tons, the exports increase was moderate compared with the same period last year. It could be observed, that the deployment of these enterprises is in proper arrangement in market abroad, with products exported to more than 150 countries. In all exporting countries, the US market is a key target country for export, 8600 tons of tires were exported to the United States in Q1 2017, which accounted for 20% of the total export volume of the plant. The triangle copmany also exported to nearly 150 countries, including Mexico which is the largest target country, exported 3100 tons of tires in total, accounting for about 10% of the total exports of the plant. The volume exporting to the United States took only 3.6%.

The increase of Prinx Chengshan was up to 55.32%, which top the growth among the top ten enterprises. From all its target countries, we could observe its key oversea market is America, with totally 8650 tons of tires export in Q1, accounting for about 42.2% of the total export volume of the plant.
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