BEIJING—China exported 47.3 million "new rubber tires" in July 2020, up 1.7 percent from the same month a year ago, official state figures show.
This is the first time in 2020 that such figures registered a year-on-year increase, according to China's General Administration of Customs agency. The gain recorded for July trading is all the more noteworthy, given that the segment had registered a 21.2 percent drop in the previous month.
The value of exports as presented in U.S. dollars shrunk 6.6 percent in July, to $1.3 billion. This represented a significant improvement from the 27.9 percent decline in export-value noted in June.
Weight of these exports also climbed 2.5 percent from July 2019, to 600,000 metric tons, contrasting to a 20.7 percent drop in June.
Over the first seven months of 2020, the country's tire exports dipped 17.5 percent from a year ago, to 244 million units. The seven-month export value fell by 22 percent to $6.8 billion; volumes in tonnage crashed 15.7 percent to 3.1 million tons.
Nevertheless, this shows at least three percentage points lower rates for year-on-year decline, compared with such rates a month ago.