Inthe first quarter of 2026, China's equipment manufacturing industryushered in a dual opportunity of structural adjustment andglobalization breakthroughs. The terminal data and export performanceof the automotive market provided valuable development references forthe construction machinery foreign trade industry. As a core sectorwithin the equipment manufacturing field, the surge in automobileexports, increased market share, and structural optimization not onlydemonstrate the comprehensive strength of China's manufacturingindustry but also foreshadow a new wave of growth in constructionmachinery foreign trade, pointing the way forward for Chineseconstruction machinery companies deeply rooted in overseas markets.
Interms of overall market size, China's total automobile sales reached7.049 million units in Q1 2026, covering both commercial vehicles andpassenger vehicles. Passenger vehicle sales reached 4.168 millionunits, accounting for nearly 60% of total sales, demonstrating thesolid foundation of the domestic equipment consumption market. Behindthis data lies the improvement of China's equipment manufacturingindustry chain and the continuous enhancement of productcompetitiveness, an industrial advantage also reflected in theconstruction machinery sector. In recent years, China's constructionmachinery industry has undergone technological iteration and qualityupgrades, transforming from "Made in China" to "IntelligentManufacturing in China." The performance and reliability of coreproducts such as excavators, loaders, and cranes have reachedinternational advanced levels, laying a solid product foundation forforeign trade exports and highly aligning with the development pathof the automotive industry.
Particularlynoteworthy is the outstanding performance in exports, which becamethe biggest highlight of China's equipment manufacturing industry inQ1 2026, injecting strong confidence into the construction machineryforeign trade. Data shows that in Q1 2026, China's domesticautomobile sales reached 4.823 million units, while exports reached2.226 million units, accounting for nearly 32% of total sales.Passenger vehicle exports were particularly strong, with total salesof 5.934 million units in the first quarter, and Chinese brandsachieving a market share of 67.7%, a record high. This data fullydemonstrates that Chinese equipment manufacturing products havegained widespread recognition in the global market, breaking theprevious stereotype of Chinese products as "low cost-effectiveand technologically backward." This trend is rapidly spreadingin the construction machinery sector.
Lookingat the details of the monthly data, the performance of the automotivemarket in March further highlights the strong momentum and structuralchanges in exports. In March 2026, China's passenger vehicle terminalsales reached 1.47 million units, while the overall market sizereached 2.412 million units. Domestic passenger vehicle sales reached1.664 million units, a year-on-year decrease of 19.2%. In starkcontrast, passenger vehicle exports reached 748,000 units, a surge of82.4% year-on-year. This high export growth effectively offsetshort-term fluctuations in the domestic market. This pattern of"domestic adjustment, overseas breakthrough" is highlyconsistent with the current development trend of the constructionmachinery industry—the domestic infrastructure market has entered aperiod of stable adjustment, while overseas market demand remainsstrong, becoming the core driving force for industry growth.
Combinedwith the construction machinery industry's own data, in Q1 2026, theexport growth rate of core products such as excavators and loaderssignificantly outpaced domestic sales. Excavator exports increased by36.1% year-on-year, and loader exports increased by 38.5%year-on-year, with export growth exceeding domestic sales growth bynearly 30 percentage points, echoing the explosive growth inautomobile exports. Behind this lies the continued release of globalinfrastructure dividends. More than 60 countries worldwide haveintroduced new emission regulations for non-road machinery,infrastructure construction in Belt and Road Initiative participatingcountries is accelerating, and mega-projects in Southeast Asia, theMiddle East, and Africa are releasing concentrated demand, providinga vast market space for Chinese construction machinery exports. Thisaligns perfectly with the regional growth pattern of automobileexports.
Theincrease in the market share of Chinese brands is another majorbreakthrough for the equipment manufacturing industry in Q1 2026. The67.7% market share of Chinese brands in the automotive sector isdriven by breakthroughs in core technology self-sufficiency and theimprovement of product portfolios, and the same is true for theconstruction machinery industry. After years of dedicated effort,Chinese construction machinery companies have made significantprogress in the self-sufficiency of core components, with theself-sufficiency rate continuously increasing. A cluster-based exportmodel of "chain leader + supporting components" isgradually taking shape, achieving "localR&D-production-supporting" in countries like Mexico andPoland, effectively circumventing trade barriers and enhancing thecompetitiveness of Chinese construction machinery in the globalmarket.
Forconstruction machinery export companies, the export data from theautomotive market offers profound insights. First, exports havebecome a core support for the equipment manufacturing industry tohedge against domestic market fluctuations. Construction machineryexport companies should further increase their overseas marketpresence, focusing on high-growth regions to achieve diversifiedmarket development. Second, the rise of Chinese brands proves thattechnological innovation and quality upgrading are the corecompetitiveness for going global. Companies should continuouslyincrease R&D investment, focusing on electrification andintelligent transformation, and launching products that meetinternational market demands. Finally, the trend of simultaneousincreases in both volume and price in automobile exports indicatesthat construction machinery export is likely to shift from"volume-driven" to "quality-driven," enhancingproduct added value and profit margins through a focus on high-endproducts.
As acompany deeply rooted in the construction machinery foreign tradesector, we consistently keep abreast of industry trends, leveragingthe industrial advantages of China's equipment manufacturing sectorand integrating high-quality construction machinery resources toprovide global customers with foreign trade services covering a fullrange of products, including excavators, loaders, and cranes. Weoffer customized product solutions and a comprehensive supply chainsystem, providing end-to-end services from product procurement andlogistics to after-sales support, ensuring efficient and safedelivery of products to customers. Simultaneously, we closely monitornew global emission regulations and technological trends, assistingdomestic construction machinery companies in aligning withinternational standards and enhancing product compliance andcompetitiveness.
2026is a pivotal year for the globalization of China's equipmentmanufacturing industry. The explosive growth of the automotive markethas set a benchmark for the construction machinery foreign tradesector. Facing the continued release of global infrastructuredividends and the continuous improvement of the competitiveness ofChinese brands, construction machinery foreign trade companies areushering in unprecedented development opportunities. We will draw onthe development experience of the automotive industry, continue tocultivate overseas markets, strengthen technological innovation andservice upgrades, promote Chinese construction machinery products tomore corners of the world, and work hand in hand with globalcustomers to achieve win-win results and jointly write a new chapterin the globalization of China's equipment manufacturing.
Lookingahead, with improved global liquidity and the continued recovery ofoverseas infrastructure demand, construction machinery exports areexpected to maintain rapid growth. We will continue to optimize ouroverseas market strategy, focusing on core growth regions such asSoutheast Asia, the Middle East, and Africa, while actively expandinginto high-end markets such as Europe and North America, promoting thetransformation of our products towards electrification, intelligence,and high-end features; strengthening in-depth cooperation withdomestic construction machinery manufacturers; and relying on acomprehensive service system to provide overseas customers withall-round after-sales support, establishing a high-quality brandimage for China's construction machinery foreign trade, and helpingChina's equipment manufacturing achieve higher-quality globalization.
Foundedin 2010, Hefei Jingang Rat Intelligent Technology Co., Ltd. islocated in Hefei, capital of China's Anhui Province, and operatesheavy trucks and construction machinery, international trade,financial investment and education.
Asthe largest exporter of heavy trucks and machinery in central China.We have international operations in more than 100 countries andannual sales of more than $100 million.
Itis an important export partner of Sinotruk, ZOOMLION, HELI, SEM,Liugong, Shantui, Heli, Lingong, Hangfork, CIMC, Dongfeng, Foton,Xugong, Sany and other world famous brands, Zoomlion, Heli, CAMC,SDLG, HANGCHA and CIMC, And through a stable customer networkmanagement of spare parts export of these products at home and abroadto enjoy a good reputation.
