Recently, construction machinery companies such as Xugong, Sany, Zoomlion, Shandong Lingong, Liugong, Shantui and other construction machinery companies have frequently issued overseas orders, and construction machinery exports have continued to rise. Among them, the export sales of excavators in my country will be from January to February 2021. The year-on-year increase reached 60.7%. What is the reason behind such a large increase in the off-season?
Under normal circumstances, affected by factors such as the Spring Festival, the first two months of each year are the off-season for foreign trade, and the import and export volume is relatively low, but the whole year shows a trend of low before and high afterwards. The export of construction machinery generally also conforms to this law.
However, the situation this year is somewhat different. According to data released by the General Administration of Customs a few days ago, in the first two months of this year, my country’s import and export of goods has achieved a “good start”, among which exports are particularly strong. The exports of the construction machinery industry in the first two months are also very eye-catching.
Large overseas orders frequently appear | The off-season is not short, behind the substantial increase in exports of construction machinery
Excavator Export Index
In terms of U.S. dollars, my country’s foreign trade exports amounted to 468.87 billion U.S. dollars in the first two months of this year, an increase of 60.6% over the first two months of last year.
According to industry statistics from the China Construction Machinery Industry Association, the export sales of excavators for the 26 mainframe manufacturers included in the statistics from January to February 2021 were 7,318 units, a year-on-year increase of 60.7%. The growth rate of foreign trade export ≈ the growth rate of excavator export, which can be seen in the excavator index, which truly reflects the economic growth situation.
Large overseas orders frequently appear | The off-season is not short, behind the substantial increase in exports of construction machinery
From January to February 2020, my country’s export sales of excavators were 4,555 units, a year-on-year increase of 48.2%. At this time, the domestic epidemic has broken out, but the overseas epidemic has not yet appeared, and its impact on exports is limited. This has caused a decline in domestic sales and a substantial increase in exports in the past two months.
Large overseas orders frequently appear | The off-season is not short, behind the substantial increase in exports of construction machinery
Since March, large-scale epidemics have started to break out overseas, and exports have been blocked, but they have maintained positive growth. Until July, export growth resumed. At the same time, as the domestic epidemic was quickly brought under control, exports quickly rebounded.
Increase in external demand and timely delivery of orders to drive exports
It is worth noting that most of the large overseas orders for construction machinery in the first two months were sent to countries along the “Belt and Road”, which shows that the “Belt and Road” strategy has driven the continuous growth of the overseas share of Chinese construction machinery companies. According to data released by the Ministry of Commerce, in 2020, my country will invest 17.79 billion US dollars in countries along the “Belt and Road”, an increase of 18.3%, and the proportion of foreign investment in the country has risen to 16.2%.
At the same time, the signing and approval of the "Regional Comprehensive Economic Partnership Agreement" (RCEP) has further brought significant opportunities for the export of construction machinery. For the construction machinery sector, the implementation of RCEP will promote the further development of China's manufacturing advantages in the entire industry chain.
Large overseas orders frequently appear | The off-season is not short, behind the substantial increase in exports of construction machinery
According to statistics from relevant agencies, the number of operating hours of excavators in major regions of the world is currently showing a trend of picking up. In the future, as the global epidemic gradually eases, the export of excavators will continue to recover steadily.
In addition, during the Spring Festival holiday this year, many employees in my country's construction machinery companies chose to "Celebrate the New Year in situ", and orders that could only be delivered after the Chinese New Year can now be delivered normally.
The development trend of high-end equipment and intelligent manufacturing
In recent years, my country 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 the construction machinery industry. Major construction machinery companies continue to improve their independent research and development level and intelligence level, and their right to speak domestically and internationally has been improved year by year.
Large overseas orders frequently appear | The off-season is not short, behind the substantial increase in exports of construction machinery
The overseas market is a new track for domestic construction machinery companies to break through. At present, domestic construction machinery has greatly improved in product strength. With the strengthening of brand channels in the future and the gradual emergence of manufacturing cost advantages, Chinese construction machinery companies are expected to achieve market share expansion overseas .
As my country continues to open up to the outside world, the international market layout continues to be optimized, especially the continuous deepening of economic and trade cooperation with countries along the "Belt and Road", which expands the space for my country's foreign trade development and plays an important role in supporting the continuous improvement of my country's construction machinery exports. .
