From January to August, the import and export sales of construction machinery products increased! The industry is expected to continue to repair

       According to the customs data, the import and export volume of construction machinery in China in August 2024 is USD 4.655 billion, with a year-on-year growth of 9.02%. Among them, the import volume is USD 224 million, with a year-on-year growth of 5.54%; Exports reached 4.432 billion US dollars, up 9.20% year on year.

       From January to August 2024, China's import and export trade volume of construction machinery was 36.403 billion US dollars, with a year-on-year growth of 4.55%. Among them, the import amount was 1.751 billion US dollars, down 0.14% year on year; The export value reached 34.653 billion US dollars, up 4.80% year on year. Based on the value of exports denominated in RMB, exports in August were 31.608 billion yuan, up 8.98 percent year on year. From January to August, exports reached 246.333 billion yuan, up 7.38 percent year on year.

           A number of industry insiders said that in August, the sales data of construction machinery at home and abroad are releasing positive signals, many enterprises in the industry are looking forward to the return of the business cycle, and are ready to vigorously promote the development of products to the direction of internationalization, electrification and intelligence.

          At present, the domestic market is in the bottom stage, we can see some positive signals; The international market is in the stage of rapid growth, especially in the Middle East, West Asia, North Africa, West Africa, Southeast Asia and other regions, which are very recognized for the cost-effective Chinese construction machinery products. As oil, natural gas, copper, bauxite and other international bulk commodities are running at a high level, some countries and regions are accelerating the infrastructure construction of mining areas, and there is a large demand for construction machinery." At present, from the industry level, the international market is better than the domestic market. In the domestic market, with the implementation of the policy of large-scale equipment renewal, the construction of water conservancy facilities is accelerated, the rail transit industry is booming, and the demand begins to recover; In the international market, exports remain stable, among which the Asian, Australian and European markets grow steadily, and the African market grows significantly. From the perspective of enterprise operation, enterprises continue to promote technological innovation, reduce costs and improve efficiency, optimize products, and enhance the comprehensive competitiveness of products. The growth rate of profit end of some enterprises is better than that of revenue end.