According to the data compiled by the General Administration of Customs, the import and export volume of construction machinery in China amounted to 24.191 billion U.S. dollars, up 19.3% over the same period of 2012. The import value was 4.086 billion U.S. dollars, up 23.2% over the same period of last year; the export value was 20.05 billion U.S. dollars, up 18.5% Trade surplus 16,019,000,000 US dollars, an increase of 2,376,000,000 US dollars.
Construction machinery import and export trade volume diagram
In terms of exports, due to the steady improvement in the economic conditions of China's major exporting target countries and the marked increase in overall demand in the international market, the export of construction machinery products in China surpassed 20 billion U.S. dollars for the first time in 2017, reaching 20.1 billion U.S. dollars, of which 11 and 12 consecutive years Surpassing the level of 1.9 billion U.S. dollars and 2 billion U.S. dollars.The annual export growth also set a new record high since 2012. Meanwhile, the trade surplus also hit a record high of 16.019 billion U.S. dollars.
Among the major export products, the export of excavators was 1.426 billion U.S. dollars, up 30.7 percent; the loader was 1.57 billion U.S. dollars, up 57.5 percent; the forklift truck was 1.93 billion U.S. dollars, up 16.7 percent.
On the import side, due to the strong demand in the domestic market in 2017, the import volume of construction machinery has shown double-digit growth overall, increasing by 23.2% for the whole year, the highest annual increase since 2010.
Main imported products: excavators 1.122 billion US dollars, an increase of 82.5%; forklift 246 million US dollars, up 15.7%; 1.84 billion US dollars of parts, an increase of 30.7%.
Among the major export target countries, the top six countries: the United States, Japan, Russia, Australia, India and Indonesia recorded increases of 32.9%, 25.4%, 78.7%, 27.3%, 16.7% and 34.6% respectively.
With the continuous deepening of the construction of the Belt and Road Initiative, China's construction machinery will further and steadily push forward quality improvement, service enhancement, integration into the local area and establishment of a brand to achieve results, seize the favorable opportunities, increase the degree of key market opening up and speed up the market Adjust the pace of layout, expand China's construction machinery market share in the international market.
