On July 27, the Alibaba International Station Online Industry Exhibition opened, and the "Interpretation of the Cross-border E-commerce Development Report of Construction Machinery" (hereinafter referred to as "Interpretation") was released.
According to statistics from the General Administration of Customs, in 2019, China's construction machinery exports amounted to 24.3 billion U.S. dollars, and excavators, loaders and bulldozers became the main exporters; the top six countries for China's construction machinery exports were the United States, Japan, Russia, India, and Australia. With India, exports along the “Belt and Road” and ASEAN countries have grown rapidly.
"Interpretation" pointed out that China's exports of complete machine products mainly flow to developing countries, such as Indonesia, Russia, the Philippines, Thailand, Turkey, etc.; parts and components mainly flow to developed markets, such as the United States, Japan, Australia, South Korea and the United Kingdom.
"Interpretation" quoted 2222 as saying that with the strengthening of Chinese construction machinery enterprises, overseas buyers' purchase demand for Chinese complete machine products has increased year by year.
According to data from Alibaba International Station, in the first six months of this year, the number of enquiry buyers in the construction machinery industry increased by an average of 57%, and the number of orders increased by an average of 119%.
According to the introduction of Alibaba International Station, up to now, 9 Chinese companies that have been shortlisted in the global top 50 construction machinery have become members of the international station, including Xugong Machinery, Liugong Group, Shantui Group, Sany Heavy Industry and so on.
The "Interpretation" pointed out that with the effective control of the epidemic and the introduction of infrastructure stimulus policies in various countries, the global infrastructure market will rebound sharply in 2021; especially in the Belt and Road market, which has a competitive advantage for Chinese machinery, the demand growth trend is more obvious.
