China is set to exceed $50bn in exports in 2024, with even stronger growth momentum expected in 2025. Are you ready to seize this wave of premium opportunities?

Release Date:2025-03-12

Greetings colleagues, welcome to this installment of Industry Express! Today we’ll examine the construction machinery export surge anticipated in 2024-2025.

2024 represents a milestone year for China's construction machinery exports, with total trade volume surpassing $55 billion – including record exports of $52.8 billion at 9% YoY growth! This achievement marks four consecutive years of robust expansion, truly remarkable!

Export champions include excavators, loaders, and concrete mixers. Though excavator volumes dipped marginally, they still command 50% global market share. Loaders and graders also exhibited strong growth, painting a flourishing industry panorama.

Key markets remain steady with traditional partners like Russia, the U.S., and Saudi Arabia. Notably, BRICS nations and Belt & Road countries have emerged as new growth engines, exceeding 10% YoY expansion!

While Spring Festival affected January 2025 exports slightly, seasonal demand and project mobilization drove rapid recovery. February saw double-digit export growth for excavators and loaders, demonstrating formidable momentum!

Going forward, bolstered by global economic recovery and enhanced domestic competitiveness, China’s machinery exports will sustain growth. Breakthroughs in electrification and smart technology will elevate premium product segmentation.

Opportunities come with challenges. To solidify global positioning, enterprises must track trends, leverage BRI synergies, and optimize worldwide deployment – crucial for outperforming in competitive markets.

That concludes today’s update. For more sector insights, stay tuned! Until next time!

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