According to the official statistics of the Ministry of Industry and Information Technology, in the first half of 2011, the economic operation of the petroleum and chemical industries was healthy and stable. The main economic indicators grew rapidly, and the overall efficiency was good; the import and export trade was active and the investment growth was stable. The industry economy presents the basic characteristics of “high growth, high cost, high efficiency, and low investment”.
However, the proportion of rubber products profits in the chemical industry is declining. From January to May, the output value of rubber products accounted for 10.89%, and the profit accounted for 8.20%. In the same period of last year, it dropped 0.8 and 3.2 percentage points respectively; the contribution rate to the chemical industry profit was only 1.79%.
The proportion of rubber products in the export volume decreased. Rubber products have long dominated the export trade of the petroleum and chemical industries, but they are currently facing challenges. The data shows that in the first five months, the proportion of rubber products in export trade was 22.3%, which was 2.7 percentage points lower than the previous two months, showing a relatively obvious downward trend.