News from Notch Consulting, Inc.

May 26, 2010

Tariffs Have Not Diminished Chinese Exports

Filed under: General, Tires — Notch @ 8:29 am

European Rubber Journal (subscription required) quotes data from Chinese Customs indicating that the US tariffs on Chinese tires have not reduced imports.

According to data from Chinese Customs, Chinese tyre export volume in the period from January to April, 2010, totalled nearly 1.06 million tons, rising by 40.7 percent on the same period a year ago; the export value amounted to $2.80 billion, growing by 39.3 percent over the same period a year ago.

It appears that the US restrictions on tyres imported from China have not affected Chinese exports. In the four months, China exported 234,800 tonnes of tyres to the US, 1.5 percent more than the same period of 2009; the export value came up to USD 612.50 million, dropping by 4.9 percent.

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