Tyre exporters set $150mn target for FY27 with ministry backing

Pakistan's tyre manufacturers are targeting $150 million in exports during FY2026-27, roughly 29 per cent more than the $116 million earned in FY2025-26, Business Recorder reported, citing figures discussed at a Commerce Ministry meeting chaired by Commerce Minister Jam Kamal Khan.

The same report put exports at $35 million in FY2021-22, indicating how quickly the sector's overseas sales have grown in five years.

Much of the meeting was taken up with market access in Türkiye. Officials told participants that certain categories of tyres already receive concessions under the bilateral Preferential Trade Agreement between the two countries. Exporters were asked to provide specific product details and Harmonised System codes so that the ministry can raise outstanding issues with Turkish authorities.

Manufacturers ship a large share of their output to markets the industry describes as tier-one destinations, including the United States and Brazil. Meeting those buyers' quality standards while holding down production costs was described as central to the export plan.

The subject also came up at a meeting of the National Assembly Standing Committee on Commerce, where a ministry official said the government was extending all possible facilitation for tyre exports.

Service Long March, which began commercial production in 2022, remains the largest single exporter. It recorded $67 million in shipments in FY2025-26, about 58 per cent of the industry's total overseas earnings, and is targeting $100 million in FY2026-27, growth of about 49 per cent. If met, that would amount to around two-thirds of the industry's projected $150 million. A senior industry official confirmed the company's export plans.

Monthly figures point the same way. Service Long March exported $9.5 million in September 2026 against $6.9 million in September 2025, an increase of about 38 per cent, and accounted for around 63 per cent of the sector's $15.1 million in exports that month.

Chinese technology and manufacturing partnerships were credited with strengthening local production capacity and allowing manufacturers to develop new product lines for foreign customers. In the passenger-car radial segment, Armstrong began export sales in August 2026 and is supplying markets including the United States, while Service Long March plans to start passenger-car radial exports in 2028.

Hitting the FY2026-27 goal would add to foreign exchange earnings and widen Pakistan's export base, which remains concentrated in textiles.