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Overview Of Exports Of The Construction Machinery Industry

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Overview Of Exports Of The Construction Machinery Industry

2024-08-08

Detailed analysis of the export situation of the construction machinery industry in 2023

1.Overall export situation
In 2023, the exports of China construction machinery industry will continue to maintain a growth trends, and the export volume will reach new heights. 
The export volume of engineering machinery products throughout the year increased significantly year-on-year. The specific data are as follows:

Project

Export volume(billion US dollars)

year-on-year growth(%)

Annual export volume of engineering machinery products

485.52

9.59

It can be seen from the above data that the construction machinery industry's export business will perform strongly in 2023, with a year-on-year growth rate is close to double digits. It’s shows that the industry's export competitiveness is constantly improving.
2. Analysis of export product structure
In terms of export product structure, excavators, Lifting machines and loaders are the main export categories. Among them, excavators accounted for the largest export volume, reaching 41%. The following is the specific product export volume and proportion:

Product Category

Export amount

(pcs)


Export volume share(%)

Excavator

105038

41

Lifting machines

78000

30

Loader

46230

18

Other categories

30349

11

It can be seen from the above data that excavators, as one of the main products in the construction machinery industry, occupy an important position in the export market. At the same time, Lifting machines and loaders also show strong export competitiveness.
3.Export target market analysis
In terms of export target markets, the export performance of my country's construction machinery products to various continents shows different characteristics. Among them, exports to Asia, Europe, South America and Africa achieved positive growth, while exports to North America and Oceania declined. The following is the specific export situation:

Export area

Export volume (billion US dollars)

year-on-year growth(%)

Asia

196.49

7.61

Europe

126.89

22.2

North America

 

51.2

-7.21

South America

 

45.38

10.1

Africa

 

44.75

15.6

Oceania

 

20.78

-3.17

It can be seen from the above data that the European and African markets are the main growth points for my country's construction machinery product exports, while the North American and Oceanian markets face certain challenges. At the same time, the Asian market, as one of the main export regions for my country's construction machinery products, continues to maintain steady growth.
Judging from the overall export data in 2023, the exports of the construction machinery industry are currently in a period of high growth, and China's exports will continue to grow in the future. This is a relatively good thing for our relevant practitioners and operators. information.