According to customs data, the import and export trade volume of China's construction machinery was US $ 5.388 billion from January to March 2020, a year-on-year decrease of 18.9%. Among them, the import value was 820 million US dollars, a year-on-year decrease of 25%; the export value was 4.568 billion US dollars, a year-on-year decrease
17.6%.
In March 2020, the export of construction machinery products was US $ 1.913 billion, down 13.3% year-on-year; the import was US $ 311 million, down 24.8% year-on-year.
In terms of imports, from January to March 2020, parts and components imports amounted to US $ 424 million, a year-on-year decrease of 21.7%, accounting for 51.7% of total imports. The import of the entire machine was 396 million US dollars, a year-on-year decrease of 28.3%, accounting for 48.3% of the total imports. Among the main imported products, the import value of crawler excavators decreased by 30.6% and 50.7% respectively, the import value decreased by US $ 146 million; the import value of parts and components decreased by US $ 117 million. Other imports fell more: crawler cranes, concrete mixing machinery and tire excavators. The main reasons for the increase in imports are: other construction vehicles, pile drivers, engineering drills and stackers.
In terms of exports, the cumulative export of the entire machine was 2.804 billion US dollars, down 18.3% year-on-year, accounting for 61.4% of total exports; the export of parts and components was 1.765 billion US dollars, down 16.6% year-on-year, accounting for 38.6% of total exports. The main reductions in exports from January to March include parts, forklifts, elevators and escalators, and loaders. The main reasons for the increase in export value are: crawler excavators, tunnel boring machines, rock drilling machinery and pneumatic tools, and all-terrain truck cranes of over 100 tons.
In the first quarter of this year, the import and export of construction machinery products was affected by the new coronary pneumonia epidemic at home and abroad and the domestic market. On the basis of the continuous decline last year, the import value continued to accelerate and decline inertia. In January and February, the total import value fell by 25.2%. The decline in March continued the trend of the previous two months. As the epidemic continues to develop in countries such as Europe and the United States, it is expected that the decline in imports will continue this year. After the rapid growth of exports in 2017-2018 and the low-speed growth in 2019, the first two months of this year, under the influence of the epidemic, there was a decline of more than 20%. The decline in March was slightly slowed down by 13.3%, and the cumulative decline in the first quarter 17.6%. The impact of this year's epidemic is expected to continue to depress the rebound in exports.
