China’s tire exports continue to decline in June

Beijing – China's tire exports in June 2020 reached 36.3 million units, down by 21.2% compared with a year ago.
 
The value of exports presented in US dollars in June fell by 27.9% to $998 million (€844 million), said China’s General Administration of Customs. Weight of these exports dipped 20.7% to 460,000 tonnes.
 
This is the third month in a row that such exports showed two-digit decrease across-the-board, according to figures released by the customs office.
 
Over the first half of 2020, China’s tire exports contracted 21.1% from H1 2019 to 196 million units.

Export value during the period shrunk by 24.9% to $5.6 billion; volumes in tonnage slid 19.2% to 2.5 million tonnes.
 
The country’s export of “automotive tires” in June arrived at 406,600 tonnes, registering a 22.1% decrease year on year. The value of exports crashed 29.9% to $866 million.
 
Exports of automotive tires over the first half of 2020 amounted to 2.2 million tonnes, down 19.9% from H1 2019. Value declined by 25.9% to $4.9 million.