In recent years, the development of China's construction machinery industry has been in full swing, and has achieved remarkable results that have attracted the attention of the world.
This year, China's excavator import and export volume has been growing steadily, crawler and tyre excavator export growth. Especially in Indonesia, Russia and other major markets, China's excavator exports have maintained year-on-year growth, the export of Guinea's growth has reached three digits. Data show that in the first quarter, China's excavator import and export totaled $2.34 billion, up 21.4% year-on-year. Among them, the export value is 2.27 billion U.S. dollars, a year-on-year increase of 22.1 per cent; imports of 0.7 billion U.S. dollars, a year-on-year increase of 1.1 per cent.
Meanwhile, the import and export of mixing and blending machinery also reaped notable results. Data show that in the first quarter, China's total import and export of mixing and stirring machinery amounted to 540 million U.S. dollars, a year-on-year increase of 28.8 per cent. Except for concrete pumps, the cumulative export value of all products achieved year-on-year growth. China's mixed machinery exports to Saudi Arabia, the United Arab Emirates and other markets to achieve sustained year-on-year growth.
In addition, China's construction machinery parts and components import and export also showed growth. Data show that in the first quarter, China's import and export of construction machinery parts and components totalled $4.1 billion, up 7.9% year-on-year. Among them, exports 3.68 billion U.S. dollars, an increase of 7.2%; imports of 420 million U.S. dollars, an increase of 14.8%.
After experiencing rapid growth, by the slow recovery of the global economy, the rise of trade protectionism and part of the market demand for industrial vehicles to reduce the impact of other factors, in the trade environment is complex and volatile and high base case, the future of China's industrial vehicle exports will be presented in the short term pressure, in the fluctuations in the upturn of the trend.
