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                Overseas large orders appear frequently | the off-season is not weak, behind the sharp growth of construction machinery export

                pubdate:2021-03-18
                    Recently, XCMG, Sany, Zoomlion, Shandong Lingong, Liugong, Shantui and other construction machinery enterprises have made large overseas orders, and the export of construction machinery continues to rise. From January to February 2021, the export sales of excavators in          China increased by 60.7% year on year. What is the reason behind such a substantial increase and the off-season?
                In general, affected by the Spring Festival and other factors, the first two months of each year belong to the off-season of foreign trade, the import and export volume is relatively low, and the whole year presents a trend of low in the front and high in the back. The export of construction machinery is also in line with this rule.
                      However, this year's situation is somewhat different. According to the data released recently by the General Administration of customs, in the first two months of this year, China's import and export of goods trade achieved a "good start", among which the export performance was particularly strong. The export of construction machinery industry in the first two months is also very eye-catching.
                Overseas large orders appear frequently | the off-season is not weak, behind the sharp growth of construction machinery export
                Excavator export index
                      In terms of US dollars, in the first two months of this year, China's foreign trade exports reached 468.87 billion US dollars, an increase of 60.6% over the first two months of last year.
                      According to the industry statistics of China Construction Machinery Industry Association, from January to February 2021, the export sales volume of excavators of 26 main engine manufacturing enterprises included in the statistics was 7318, with a year-on-year increase of 60.7%.       Foreign trade export growth rate ≈ excavator export growth rate, excavator index can be seen, which truly reflects the economic growth.
                Overseas large orders appear frequently | the off-season is not weak, behind the sharp growth of construction machinery export
                       From January to February 2020, China's Excavator export sales volume was 4555 units, up 48.2% year on year. At this time, the domestic epidemic has broken out, but the overseas epidemic has not yet appeared, which has limited impact on exports. As a result, the domestic sales have declined in the past two months, and exports have increased significantly.
                       Overseas large orders appear frequently | the off-season is not weak, behind the sharp growth of construction machinery export
                Since March, a large-scale epidemic has broken out overseas, and exports have been blocked, but they still maintain a positive growth. Until July, export growth resumed. At the same time, as the domestic epidemic was soon under control, exports rose rapidly.
                Foreign demand increases order delivery and drives export in time
                     One belt, one road, one belt, one road, is the most important part of China's construction machinery industry. One belt, one road, was invested by US $17 billion 790 million in 2020, an increase of 18.3%, accounting for 16.2% of the total foreign investment in China, according to the data released by the Ministry of Commerce.
                     At the same time, the signing and approval of the regional comprehensive economic partnership agreement (RCEP) has further brought great opportunities for the export of construction machinery. For the construction machinery sector, the implementation of RCEP will promote the manufacturing advantages of China's whole industrial chain to be further developed.
                       Overseas large orders appear frequently | the off-season is not weak, behind the sharp growth of construction machinery export
                According to the statistics of relevant institutions, at present, the working hours of excavators in major regions of the world are showing a warming trend. In the future, with the gradual alleviation of the global epidemic, the export of excavators will continue to recover steadily.
                In addition, during the Spring Festival holiday this year, many employees of construction machinery enterprises in China choose to celebrate the new year on the spot. Orders that used to be delivered after the new year can now be delivered normally.
                Development trend of high end equipment and intelligent manufacturing
                        In recent years, China has issued a series of policies aimed at promoting the development of high-end equipment and intelligent manufacturing, creating a loose and good policy environment for the transformation and upgrading of construction machinery industry. The major construction machinery enterprises continue to improve the level of independent research and development, intelligent level, the voice in the domestic and international has been improved year by year.
                        Overseas large orders appear frequently | the off-season is not weak, behind the sharp growth of construction machinery export
                Overseas market is a new track for domestic construction machinery enterprises to break through. At present, the product strength of domestic construction machinery has been greatly improved. With the strengthening of brand channels and the gradual emergence of manufacturing cost advantages in the future, Chinese construction machinery enterprises are expected to expand their market share overseas.
                      One belt, one road, is the key to China's export of machinery and equipment. With China's opening wider to the outside world and the layout of the international market continues to improve, especially the economic and trade cooperation with the countries along the belt and road, the development space of China's foreign trade is expanded, and the construction machinery exports continue to play an important supporting role.
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                Copyright @ Deyang Hanjiang Machinery Manufacturing Co., Ltd All Rights Reserved.
                Tel: 0838-2873028 Mr. Li: 13547003866
                Address: South Huashan Road (Luhe Village), Deyang City

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