14 Mar Vietnamese tires export enter the US, EU, BRAZIL market to strengthen

Vietnamese tires export enter the US, EU, BRAZIL markets to strengthen

This information was recorded at the press conference announcing the organization of international trade exhibitions specialized in paint, paper, rubber and plastic on July 16 in Ho Chi Minh City.

Summary of the meeting about Vietnamese tires export

1. General situation of Vietnamese tires export in the international market

In this exhibition, according to Mr. Vo Hoang An, Vice President and General Secretary of the Vietnam Rubber Association, following the export results that reached the highest value in the past 10 years with a value of 9.5 billion USD. In the US, in the first 6 months of this year, rubber exports continued to maintain high momentum.

Vietnamese tires enter the US, EU, BRAZIL market to strengthen

Kingtire vietnam is a rank 1 vietnamese tires supplier.

At the meeting, according to Mr. Vo Hoang An, Vice President and General Secretary of the Vietnam Rubber Association, following the export results that reached the highest value in the past 10 years with a value of 9.5 billion USD. In the US, in the first 6 months of this year, rubber exports continued to maintain high momentum.

Natural rubber exports were estimated at more than 787,000 tons, with a value of nearly $1.4 billion, up 10.3% in volume and 13.3% in value over the same period last year. Meanwhile, most of Vietnam’s rubber products exports recorded positive growth, with total export turnover estimated at more than $2.2 billion, up 12.9% over the same period last year. prior to.

2. Export situation of Vietnamese tires and tubes

According to Mr. An, among the products of the rubber processing industry in Vietnam, tires are the industry with the largest export value.

Preliminary data for the first 6 months of the year show that tire exports are estimated at more than $1.1 billion, accounting for 51.8% of Vietnam’s total export turnover of rubber products, up 28.9% over the same period. period last year.

About the market, Mr. An said, Vietnam has exported tires to more than 140 countries, of which the US is still the main market accounting for nearly 60% with an estimated turnover of nearly 650 million USD, up 37.7. % compared with the same period last year.

Vietnamese tires and tubes are also exported to an economy with a developed automobile industry such as Germany or Italia.

This is the result and efforts of the leading tire suppliers in Vietnam such as Kingtire Vietnam, drc tire,…

Current difficulties of tire exporters in Vietnam

1. General situations of Vietnamese Tires

According to the representative of the Vietnam Rubber Association, Vietnam has more than 150 enterprises involved in exporting tires. Most of the enterprises in the top 10 tire exporters belong to foreign-invested enterprises.

According to Mr. Nguyen Quoc Anh, Chairman of the Ho Chi Minh City Rubber and Plastics Association, these investors come from countries in Asia, including businesses from China in order to avoid taxes due to the high tax imposed by the US on imported goods. This is from China.

In fact, Vietnam’s tire products in recent years have increased in exports to the US market after the country imposed high taxes on tires from China when the US-China trade war tension occurred.

2. Current difficulties of Vietnamese Tires enter the US, EU, BRAZIL market to strengthen

Vietnam’s export tire products have been investigated by the US Department of Commerce (DOC) to determine whether tires from Vietnam are being sold at less than reasonable prices, besides tires imported from Korea. China, Taiwan and Thailand in June 2020.

And at the end of May 2021, DOC issued the final conclusion in the case of anti-dumping and anti-subsidy investigation on car tires imported from Vietnam, Korea, Taiwan, and Thailand.

And at the end of May 2021, DOC issued the final conclusion in the case of anti-dumping and anti-subsidy investigation on car tires imported from Vietnam, Korea, Taiwan, and Thailand.

This is a very good sign to help Vietnam become the leading tire exporter today.

In addition, this conclusion also protects the interests of Vietnam’s rubber industry when about 80% of natural rubber exploited in Vietnam is used to produce tires.

Kingtire is increasingly asserting its leading name in tire export in Vietnam

This is the opinion of the representative of the Vietnam Rubber Association. So what is the reason for this statement?

Great achievement of Kingtire Vietnam in the past 3 years

Since the covid pandemic broke out from 2020, King Tire Vietnam has become the leading tires supplier in Vietnam, in the face of the pandemic’s difficulties, Kingtire Vietnam has been greatly affected.

With the right direction from the company’s leadership, Kingtire Vietnam gradually regained its original position and strong scale up.

King Tire and DRC Tire products in Vietnam are exported to more than 140 countries around the world, of which the US accounts for nearly 60%.

Research and apply the latest technologies to help Kingtire Vietnam grow more and more, The most prominent is the application of Blockchain technology in the tire manufacturing industry in Vietnam.

Kingtire Vietnam leading vietnam tire market export very strength in to EU, United Stated, and Brazil. The number is given by comercial trade department estimate that DRC tire export more than 200,000,000 USD. That is a remakable milestone of Vietnam Tire.

Government support for Kingtire Vietnam

In order to develop market Vietnam government accepted for KingTire Vietnam expand business. Upgraded its manufacture to 5 million tire/ years on 2025.

Summarizing the congress, the representative of Vietnam Rubber Association congratulated the achievements of the industry in general and the strong development of state-owned enterprises in particular such as Kingtire, Drc Tire.