Since 2011, the continued high price of natural rubber and the increase in production costs have not affected the export of tire enterprises in Shandong. According to data from the Shandong Provincial Department of Commerce on July 25, from January to June, tire exports from Shandong Province totaled US$3.11 billion. The year-on-year increase of 55.3%.
In the first half of the year, a total of nine tire manufacturers in Shandong Province exported over billions of dollars and exported a total of 1.82 billion U.S. dollars. Brand strategy has become the core strategy for Shandong Tire to expand its overseas markets. Shengtai Group, Jinyu Group, Xingyuan Group, and Wanda Baotong Tire have entered the seventy-five tire industry in the world.
However, the foreign trade situation in the second half of the year may not be optimistic. This month, the Ministry of Commerce issued an early warning that Argentina will take anti-dumping measures against China's tires and impose anti-dumping duties of 10% to 23% on all types of tires.
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