August 2023 – Renewed double-digit growth in China tyre exports
China-based manufacturers exported 54.66 million new pneumatic tyres in August 2023, a 13.6 per cent higher volume than in August 2022. The value of these tyres rose 19.7 per cent year-on-year, to RMB 13.63 billion (£1.55 billion, US$1.89 billion). These figures for August mark a return to double-digit growth for China’s tyre exports after a drop in growth during July.