The First Quarter Analysis On The Import & Export Of China's Construction Machinery In 2010

According to Customs statistics, in the first quarter of 2010 Chinas import and export

trade sum of construction machinery is US$ 3.76 billion, up 27.5% over the previous year. Of this total, the value of imports is US$ 1.77 billion, increasing 62.3%; export value of 1.99 billion, up 6.8%, and trade surplus is US$ 220 million, down US$ 550 million.

From Jan to Mar of 2010, import volume of whole machine is 1.12 billion, increasing 72.3% than last year, accounting for 63.3% of total imports; parts import is 650 million, up 46.6%, and 36.7% of total imports. Of this total, crawler excavators imported 8,872 units, up 165% over the previous year, and accounting for nearly 60% of whole machine imports, which is an increase of 22 percentage points higher than previous year. Besides, some products show good increase in imports, such as high-powered bulldozers, graders, asphalt pavers, all terrain cranes, tower cranes, forklifts, pneumatic tools and spare parts.

As for export, the volume of whole machine is 1.27 billion, up 4.1% over the previous year, accounting for 64% of total exports; parts export is 720 million, up 11.5%, with a share of 36%. Exports continued to grow slightly in March, in which warmer faster products include loaders, road rollers, excavators, tower cranes, forklifts, tractors, engineering drills, concrete mixers, rock drills, pneumatic tools and spare parts. Such as Zidong Machinery, Caigong Construction Machinery, Fenglie Machinery, Qixin Engineering Machinery.

In the first quarter, construction machinery imports and exports show three features. First, imports growth is far more than exports. Total trade surplus becomes narrow, there is even a month deficit in March, which is the first time since January 2006 totally 51 months; Second, imports of whole machine increase substantially, holding a share of more than 60% of total imports, especially for track excavator (mainly second hand), the import appears blowout again, which is an impact on the domestic brands, causing strong reactions in the industry field; Third, the worldwide market is lack of effective demand, the rebound in exports get along slow and poor regularity, which indicates the market still exist unstabilizing factors.

Above provided by SelectChina.com, and find more information on China Machinery News/ China Machinery Manufacturers / China Machinery Products.

by: Deland Selectchina

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