According to customs data, my country's construction machinery import and export trade volume from January to June 2020 was 11.575 billion US dollars, a year-on-year decrease of 18.6%. Among them, the value of imports was US$1.845 billion, down 18% year-on-year; the value of exports was US$9.73 billion, down 18.7% year-on-year.
In June 2020, exports of construction machinery products were US$1.62 billion, a year-on-year decrease of 25%; imports were US$318 million, a year-on-year decrease of 4.65%.
In terms of imports, from January to June 2020, imports of parts and components were US$925 million, a year-on-year decrease of 14.7% and accounting for 50.1% of total imports. Imported complete machines were US$920 million, down 21.1% year-on-year, accounting for 49.9% of total imports. Among the main imported products, the import value of crawler excavators decreased by 28.7% and 34.4% respectively, and the import value decreased by US$198 million; the import value of parts and components decreased by US$159 million. Other major declines in imports include tire excavators, crawler cranes, forklifts and concrete mixing machinery. The main increase in imports are: pile drivers and engineering drills, tunnel boring machines and stackers.
In terms of exports, the total export of complete machines was US$5.993 billion, a year-on-year decrease of 20.5%, accounting for 61% of the total export; the export of parts and components was US$3.797 billion, a year-on-year decrease of 15.8%, accounting for 39% of the total export. The decrease in exports from January to June mainly included parts, forklifts, loaders, tunnel boring machines and off-highway dump trucks. The main increase in export value are: crawler excavators, all-terrain truck cranes of more than 100 tons, pavers and asphalt mixing equipment.
Exports to the six continents all declined to varying degrees. Among them, exports to Asia fell by 20.6%, Africa fell by 17.4%, Europe fell by 16.9%, North America fell by 19.9%, Oceania fell by 18.7%, and South America fell by 9.82%.
In terms of the distribution and changes of the main regional markets for import and export, ASEAN is still the main regional market for China's construction machinery, with exports accounting for 18.3%, and the proportions of Africa, Latin America and the European Union have increased significantly, 15.52% and 15.12% respectively. The export markets are except India. Other regional markets showed a significant decline. Except for the EU, the main sources of imports have also fallen sharply.
In terms of exporting countries, exports to the United States were 1.107 billion U.S. dollars, a year-on-year decrease of 18.5%, accounting for 11.38% of my country’s total exports in the first half of this year.
In the first half of this year, the import and export of construction machinery products were affected by the new crown pneumonia epidemic at home and abroad and the domestic market. Imports continued to drop by more than 20% on the basis of the continuous decline last year. Imports fell by 25.2% in January and February, and still fell by 25% in March, 22.2% in April, 20.3% in May, less than 5% in June, and 18% in the first half of the year. It shows that the demand for construction machinery across the country has continued to recover, and developed countries are also trying their best to resume production and operation, so that the decline in imports will be slightly reduced. It is expected that imports will decline in the second half of this year, and the slow narrowing trend will continue. In the first half of the year, under the influence of the epidemic, exports experienced a double-digit decline. The first four months showed a trend of narrowing month by month. However, in May and June, there was the largest decline in a single month of this year, which expanded the cumulative decline in exports. It can be seen that the impact of the epidemic this year will continue to depress the export recovery.
At present, under the impact of the epidemic, the world economy has experienced a deep recession, international trade and investment have shrunk sharply, and my country's foreign trade development environment has become more severe and complex. According to the latest forecast of the International Monetary Fund, the world economy will decline by 4.9% this year, and the World Bank predicts that the global economy will decline by 5.2%, which is the worst economic recession since World War II.
It is reported that as one of the new forms of foreign trade, the fast-growing cross-border e-commerce has become an important force in stabilizing my country's foreign trade. In the first half of this year, my country's cross-border e-commerce exports bucked the market and rose by 28.7% year-on-year. my country's construction machinery industry companies take the initiative to actively explore the international market with business model innovation and product feature customization. Take XCMG as an example. Since the beginning of this year, XCMG has actively explored the economic growth of foreign trade under the epidemic. On the one hand, Xuzhou Workers, who are sticking to the front line overseas, are doing their best to expand the market on the basis of fully doing the epidemic prevention work, and provide high-quality service guarantee for customers from all over the world. On the other hand, XCMG used innovation to promote corporate development, opened up an “online business model” to the world, and took the lead in the industry to hold a global live broadcast of construction machinery-the “Second XCMG International Customer Festival” live broadcast in Southeast Asia and Central Asia , Special sessions in the Middle East and Africa. Using the new media live broadcast platform, industry big names promote Chinese construction machinery products to the world, and the online live broadcast "carrying goods" has achieved a transaction amount of over 400 million yuan in various construction machinery products. In addition, remote online training and "cloud services" provide customers with solutions to equipment technical consultation, maintenance and many other problems.
Sunward Intelligent also uses online live broadcast to lead American agents to visit the factory, supplemented by short video and online conference systems, so that American agents can directly access the manufacturing workshop of the headquarters and realize synchronization with Sunward America and Sunward Intelligent headquarters. communicate with. In the first half of this year, Sunward America's sales under the epidemic bucked the trend and increased by 162%. In addition, Sunward Intelligence and Alibaba also jointly held an online live broadcast of construction machinery products in English, which was shown to global customers through Alibaba International Station. At Alibaba International Station, the largest cross-border e-commerce transaction volume in the first half of this year is precisely construction machinery products such as excavators and pump trucks.
Secondly, from January to May of 2020, China's foreign contracted engineering business completed a turnover of 348.43 billion yuan, a year-on-year decrease of 7.1% (equivalent to 49.63 billion US dollars, a year-on-year decrease of 10.5%), and the value of newly signed contracts was 601.88 billion yuan, a year-on-year increase of 14.4 % (Equivalent to 85.73 billion U.S. dollars, a year-on-year increase of 10.2%).
From January to May 2020, Chinese companies signed 1,846 new contracts for foreign contracted projects in 63 countries along the “Belt and Road”, with a newly signed contract value of 329.83 billion yuan, accounting for 54.8 of China’s newly signed contract value for foreign contracted projects in the same period. %, a year-on-year increase of 3.9% (equivalent to US$46.98 billion, an increase of 0.1% year-on-year); completed turnover was 205.49 billion yuan, accounting for 59% of the total for the same period, a year-on-year decrease of 0.6% (equivalent to US$29.27 billion, a year-on-year decrease of 4.3%).
According to the latest data released by Eurostat a few days ago, as EU countries gradually relax their anti-epidemic measures, various economic indicators in the Eurozone and the EU showed signs of recovery in May this year. In May of this year, industrial production in the Eurozone increased by 12.4% month-on-month compared to April, and the 27-nation EU grew by 11.4% month-on-month. Industrial production in the Eurozone and the EU both fell sharply by 18.2% in April. Another set of data shows that in May this year, industrial production in the Eurozone and EU member states fell by 20.9% and 20.5% respectively from the same period last year, indicating that the epidemic has had a serious impact on the European economy. Eurostat data also showed that the Eurozone and EU construction industries showed signs of recovery in May, achieving a month-on-month growth of 27.9% and 21.1% respectively. The data in April were -18.3% and -14.9%.
It is worth noting that Italy and France, which have been severely hit by the new crown pneumonia epidemic, have the highest growth rates of industrial production, with a month-on-month growth of 42.1% and 20% respectively; the construction industry has increased by 168% and 118.3%.
As the overall epidemic gradually stabilizes, the resumption of work and production in various countries has gradually accelerated, and economic indicators have also improved significantly, and the economies of various countries are on the path of recovery. However, the operating pressure faced by enterprises has not fundamentally changed. It is expected that Europe will usher in a peak of corporate bankruptcy in the third quarter of this year. How to ease the pressure on enterprises through economic relief plans will be the main task facing countries in the second half of this year. In addition, construction machinery products have the characteristics of a long production cycle, and the procurement cycle of some imported parts is also long. Coupled with the impact of overseas epidemics, my country's construction machinery companies should make full preparations.
