According to customs data, from January to October 2022, my country's construction machinery import and export trade volume was 38.831 billion US dollars, a year-on-year increase of 27.8%. Among them, the import value was 2.309 billion US dollars, a year-on-year decrease of 27%; the export value was 36.521 billion US dollars, a year-on-year increase of 34.2%, and the trade surplus was 34.212 billion US dollars, a year-on-year increase of 10.165 billion US dollars.
In October 2022, the import value was US$183 million, a year-on-year decrease of 22.7%; the export value was US$3.944 billion, a year-on-year increase of 21.6%.
The export of complete machines increased by 37.3% year-on-year
In terms of imports, from January to October 2022, the import of parts and components was 1.51 billion US dollars, a year-on-year decrease of 20.4%, accounting for 65.4% of the total imports. Imports of complete machines totaled US$799 million, a year-on-year decrease of 36.9%, accounting for 34.6% of total imports. Among the main imported products, the import volume of crawler excavators decreased by 69.8% and 67.2% year-on-year respectively, and the import value decreased by US$217 million year-on-year; the import value of parts and components decreased by US$388 million year-on-year. The main products with a decrease in imports are: crawler excavators, forklifts, other construction vehicles, crawler cranes, pavers and high-horsepower bulldozers. The main products with increased imports are: rock drilling machinery and pneumatic tools, pile drivers and engineering drilling rigs, loaders, manual trucks, etc.
In terms of exports, from January to October, the cumulative export of complete machines was US$23.973 billion, an increase of 37.3% year-on-year, accounting for 65.6% of total exports; the export of parts and components was US$12.548 billion, an increase of 28.7% year-on-year, accounting for 34.4% of total exports. The main complete machines with increased export value from January to October are: crawler excavators, forklifts, loaders, off-highway dump trucks, etc. Decreased exports include crawler cranes and other compaction machinery.
The Russian Federation, Africa, Latin America, and the U.S. regional market saw a large increase in exports from January to October
From January to October this year, the export of construction machinery to the six continents maintained varying degrees of growth, of which exports to South America were 3.419 billion US dollars, accounting for 9.36% of total exports, an increase of 64.7% year-on-year; exports to North America were 4.642 billion US dollars, accounting for 12.7% of total exports , an increase of 41.8% year-on-year; exports to Oceania were US$1.773 billion, accounting for 4.86% of total exports, an increase of 38.4% year-on-year; exports to Europe were US$8.517 billion, accounting for 23.32% of total exports, an increase of 35.4% year-on-year. The export growth rate of the above regions was higher than that of the total export. Exports to Asia were US$14.912 billion, accounting for 40.8% of total exports, an increase of 27.1% year-on-year; exports to Africa were US$3.258 billion, accounting for 8.92% of total exports, an increase of 27.2% year-on-year. Among the six continents, the growth rate of exports from Asia and Africa was lower than that of total exports.
From the perspective of the distribution and changes of major export markets, ASEAN and Africa and Latin America take the lead; the European Union, the United Kingdom, and the United States account for between 10 and 15%. The regional markets with larger growth rate mainly include: Russian Federation, Africa, Latin America and the United States.
In terms of major exporting countries, the export volume to the first nine countries and regions including the United States, Russia, Indonesia, Japan, Australia, Brazil, Vietnam, India, and Belgium in the first 10 months was more than 1.1 billion US dollars, and the top 20 export volume The total export volume of countries and regions in China accounts for 69% of my country's total construction machinery exports. Among them, Saudi Arabia (+96.4%), Indonesia (+91.3%), Brazil (+78.5%), Canada (+65.1%), Belgium (+62.6%), South Africa (+58.3%), Russian Federation (+56.6%) %), the Netherlands (+55.1%) increased by more than 50%, becoming a bright spot in the international construction machinery market.
The export situation to other major export target markets is shown in the table below:
From January to October 2022, my country's construction machinery exports to countries along the "Belt and Road" totaled US$15.393 billion, accounting for 42.1% of all exports, a year-on-year increase of 32.1%. Exports to BRICS countries amounted to US$5.92 billion, accounting for 16.2% of the total export value, a year-on-year increase of 55.6%.
Main features of import and export of construction machinery products in my country from January to October 2022:
1. The export of construction machinery remained high. From January to October 2022, the export volume of my country's construction machinery has always maintained a relatively high level and growth rate. Among them, the export volume in July, August, and September was above 4 billion U.S. dollars, and the export volume in June and October was close to 4 billion U.S. dollars. The cumulative export volume in ten months has reached 36.52 billion US dollars, far exceeding the annual export volume of last year. The annual export volume of construction machinery products this year has ensured a substantial growth trend.
Second, the import of construction machinery continued to decline. From January to October 2022, the overall import is stable at a low level, even below 200 million US dollars in September and October (only in October 2015 and February 2016), and even a record in October The monthly import volume is the lowest on record, continuing the continuous unilateral decline since May 2022.
