On October 18, the General Administration of Customs released the tire export data for September 2024.
In September, China's tire exports saw a decline both year-on-year and month-on-month.
According to the data, China's total rubber tire exports amounted to 750,000 tonnes in the month, marking a year-on-year decrease of 1%.
This figure represents a reduction of 100,000 tonnes compared to August.
The export value was approximately RMB 133.54 billion, down 1.4% year-on-year.
Among them, the export volume of new pneumatic rubber tires was 730,000 tonnes, with a year-on-year decrease of 1.3%.
The export value of new pneumatic rubber tires was approximately RMB 128.63 billion, a decrease of 1.7% year-on-year.
In terms of the number of tires, the export volume of new pneumatic rubber tires in September was 61.86 million pieces, up 6% year-on-year but down 7.59 million pieces month-on-month.
From January to September, China's cumulative rubber tire exports reached 6.94 million tonnes, representing a year-on-year increase of 4.4%.
The export value was approximately RMB 1225.29 billion, up 4.8% year-on-year.
Among them, the cumulative export volume of new pneumatic rubber tires was 6.7 million tonnes, with a year-on-year increase of 4.2%.
The export value of new pneumatic rubber tires was RMB 1180.18 billion, up 4.8% year-on-year.
In terms of the number of tires, China's cumulative exports of new pneumatic rubber tires for the first nine months amounted to 507.61 million pieces, up 9.9% year-on-year.
Despite the slight decline in September, China's tire exports have maintained a growth trend for the year-to-date. This is attributed to the continuous improvement in product quality, technological innovation, and brand building by Chinese tire companies.
Looking ahead, with the gradual recovery of the global economy and the ongoing development of the automotive industry, China's tire exports are expected to continue to grow steadily. However, Chinese tire companies need to closely monitor international market dynamics and changes, strengthen risk prevention and control, and formulate response strategies to address potential market fluctuations and challenges.
