Qingdao tire exports continue to grow rapidly

Qingdao is one of the domestic tire manufacturing and export bases. From January to August this year, the city’s tire industry exported 718 million US dollars, an increase of 84.9% year-on-year. In the month of August, a total of US$109 million was exported, a year-on-year increase of 49.8%. The driving force for the rapid growth of exports mainly comes from two aspects: First, the competitiveness of the tire industry has increased. Qingdao tire exporters have fully used the force-reduction mechanism formed by the US tire special security case, increased R&D efforts, improved management levels, broke through trade barriers through technological upgrading, expanded profit margins through product innovation, and promoted the transformation of trade growth patterns; The market diversification strategy worked. 35% of the special security tariffs blocked some of our tire products from the US market. Products from Japan, South Korea, and Indonesia increased their exports to the United States. In response, Qingdao Tire Enterprises has vigorously developed emerging markets such as Brazil, South Africa and Russia on the basis of safeguarding the U.S. market. At the same time, it seized Japan, South Korea and Indonesia to expand their respective domestic market space for export to the United States and expand exports. , achieved significant results.

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