The reporter learned from Guangrao County that in 2010, the province’s rubber tire industry had the top ten exports in Zhongguangrao County, Shandong Hengfeng Rubber & Plastic Co., Ltd., Shandong Yongsheng Rubber Group Co., Ltd., Xingyuan Tire Group Co., Ltd., and Jinyu Tire Group Limited. The company is ranked 4th, 5th, 7th and 10th respectively.
In 2010, Guangrao Rubber Tire Company continued to optimize its product mix and expand into emerging markets, with its export performance soaring. According to statistics, in 2010, Guangrao County's rubber tires achieved export value of 1,387.2 million U.S. dollars, an increase of 64.1% year-on-year, of which six rubber tire enterprises exceeded 100 million U.S. dollars in exports.
At the same time, Guangrao County's rubber tire companies are targeting emerging markets such as Southeast Asia, South America, Africa, and Russia. With the help of market diversification and weakening the financial crisis, they have effectively curbed the decline in exports. According to preliminary statistics, in 2010, the county's rubber tires exported US$16.36 million to the United States, accounting for 11.9% of the county's total tire exports. Trade in emerging markets has become an important export growth point for the rubber tire industry in Guangrao County.
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