Two hundred thousand tires have been released by Qingdao Dagang Customs in Shandong province for export.
The tires were produced by Qingdao Sentury Tire and will be transported to the Europe, Cetral and South America, and Middle East.
In the first quarter of this year, Sentury Tire has exported 2.22 million tires, up 9.98% year on year, according to Liu Bingbao, deputy executive manager of the company.
Tire production is a traditional advantageous industry in Shandong province, which processes and exports about half of tires in China.
Qingdao Sentury Tire is the only private Chinese company that is capable of producing aerotires and its annual capacity of semi-steel radial tires is 27 million.
Over the past few years, dropping raw material prices and increasing international trading barriers in tire industry impacted manufacturers in Shandong.
However, Qingdao Dagang Customs has played a proactive role in encouraging paper-less reform of processing trade to lower costs and increase efficiency. It also sent crew to make investigation and research, introduce customs policies, and facilitate domestic tire producers going abroad and developing overseas markets.
