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According to the Foreign Trade Planning Department of the Qingdao Municipal Bureau of Commerce, from January to August 2011, the export volume of tires in Qingdao was US$1.084 billion, an increase of 51% year-on-year, accounting for 4.1% of the city's total exports. Both the growth rate and the share of exports were at a record high, with exports increasing. Faster than the city's average export level of 26.9 percentage points. From the month of August, the tire export was US$171 million, an increase of 60.6% year-on-year.
From the perspective of exporters, private enterprises have become the backbone of tire exports. In the first 8 months, Qingdao's private enterprises completed US$593 million in tire exports, a year-on-year increase of 57.3%, accounting for 54.7% of total tire exports during the same period. In addition, state-owned enterprises and foreign-funded enterprises respectively completed tire exports of 271 million U.S. dollars and 197 million U.S. dollars, accounting for 25% and 18.2%, respectively.
Judging from the trade pattern, the growth rate of general trade exports was significantly faster than that of processing trade. From January to August, the export volume of tires under general trade in Qingdao was US$115 million, an increase of 141.6% year-on-year; the export of tires under processing trade was US$834 million, a year-on-year increase of 44.6%.
From the perspective of the export market, the market diversification strategy has achieved remarkable results, and emerging markets have grown faster. In recent years, under the influence of the U.S. Safeguards Act and the EU’s general motor vehicle safety regulations and tire labeling directives, my tire companies have been making good use of the force-driven mechanism to vigorously implement technological research and development and product innovation, and have kept the U.S. and European markets alive. Under the premise, actively expand emerging markets. From January to August, doubled growth was achieved in markets such as Oceania, the Commonwealth of Independent States, and Eastern and South America.
From the perspective of exporters, private enterprises have become the backbone of tire exports. In the first 8 months, Qingdao's private enterprises completed US$593 million in tire exports, a year-on-year increase of 57.3%, accounting for 54.7% of total tire exports during the same period. In addition, state-owned enterprises and foreign-funded enterprises respectively completed tire exports of 271 million U.S. dollars and 197 million U.S. dollars, accounting for 25% and 18.2%, respectively.
Judging from the trade pattern, the growth rate of general trade exports was significantly faster than that of processing trade. From January to August, the export volume of tires under general trade in Qingdao was US$115 million, an increase of 141.6% year-on-year; the export of tires under processing trade was US$834 million, a year-on-year increase of 44.6%.
From the perspective of the export market, the market diversification strategy has achieved remarkable results, and emerging markets have grown faster. In recent years, under the influence of the U.S. Safeguards Act and the EU’s general motor vehicle safety regulations and tire labeling directives, my tire companies have been making good use of the force-driven mechanism to vigorously implement technological research and development and product innovation, and have kept the U.S. and European markets alive. Under the premise, actively expand emerging markets. From January to August, doubled growth was achieved in markets such as Oceania, the Commonwealth of Independent States, and Eastern and South America.
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