Shanghai Exported Tires Less, at Up Price, in First Half 2017
[2017-09-06]
According to Shanghai Customs statistics, in the first half 2017, Shanghai Customs District exported new rubber tires (tyres) totaling 18.511 million pieces, down 11.7% year-on-year (YOY); worth RMB 3.48 billion yuan, down 3.3% YOY; average export price at 188.2 yuan each, up 9.5% YOY.
Shanghai Tire Export Characteristics:
(1) This June alone, tire export from Shanghai reached 3.464 million, down 2.4% from May and down 6.2% YOY for the seventh consecutive month; average price at 183.6 yuan each, down 2% from May and up 14% YOY (see the chart below).
(2) In the first half year, the tire export reached 10.845 million pieces by processing trade mode, down 15.9% YOY, accounting for 58.6% of the total export; 7.618 million pieces by ordinary trade, down 5.4% YOY, accounting for 41.2%.
(3) Foreign-invested enterprises dominated the export by 12.97 million tires, down 14.8% YOY, accounting for 70.1% of the total export; private enterprises exported 3.293 million tires, down 2.4% YOY, accounting for 17.8%; state-owned enterprises exported 2.247 million, down 4.7% YOY.
(4) The EU was the largest export market, receiving 4.247 million tires, up 1.9% YOY, accounting for 22.9% of the total export; the export to the United States reached 3.064 million, down 11.7%, accounting for 16.6%; the exports to ASEAN and Japan were 1.044 million pieces and 765,000 pieces respectively, down 37.7% and 23.8%. In addition, exports to Mexico and Canada respectively reached 1.864 million and 817,000 pieces, up 3.4% and 14% YOY.
(5) The exported tires for small passenger cars were 8.608 million pieces, down 2.7% YOY, accounting for 46.5% of the total export; average price at 199.2 yuan each, up 9% YOY. In addition, bicycle tires reached 5.114 million pieces, down 27.4%, average price at 13.7 yuan each, down 2.1%; motorcycle tires 1.447 million pieces, down 13.8%, average price at 47.7 yuan each, down 27.7%.
Shanghai Tire Export Characteristics:
(1) This June alone, tire export from Shanghai reached 3.464 million, down 2.4% from May and down 6.2% YOY for the seventh consecutive month; average price at 183.6 yuan each, down 2% from May and up 14% YOY (see the chart below).
(2) In the first half year, the tire export reached 10.845 million pieces by processing trade mode, down 15.9% YOY, accounting for 58.6% of the total export; 7.618 million pieces by ordinary trade, down 5.4% YOY, accounting for 41.2%.
(3) Foreign-invested enterprises dominated the export by 12.97 million tires, down 14.8% YOY, accounting for 70.1% of the total export; private enterprises exported 3.293 million tires, down 2.4% YOY, accounting for 17.8%; state-owned enterprises exported 2.247 million, down 4.7% YOY.
(4) The EU was the largest export market, receiving 4.247 million tires, up 1.9% YOY, accounting for 22.9% of the total export; the export to the United States reached 3.064 million, down 11.7%, accounting for 16.6%; the exports to ASEAN and Japan were 1.044 million pieces and 765,000 pieces respectively, down 37.7% and 23.8%. In addition, exports to Mexico and Canada respectively reached 1.864 million and 817,000 pieces, up 3.4% and 14% YOY.
(5) The exported tires for small passenger cars were 8.608 million pieces, down 2.7% YOY, accounting for 46.5% of the total export; average price at 199.2 yuan each, up 9% YOY. In addition, bicycle tires reached 5.114 million pieces, down 27.4%, average price at 13.7 yuan each, down 2.1%; motorcycle tires 1.447 million pieces, down 13.8%, average price at 47.7 yuan each, down 27.7%.
Source: ETCN
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