According to customs data, the import and export trade volume of my country's construction machinery from January to March 2021 was US$7.731 billion, an increase of 43.5% year-on-year. Among them, the import value was US$1.017 billion, a year-on-year increase of 24%, and the export value was US$6.714 billion, a year-on-year increase of 47%. The trade surplus was US$5.697 billion, a year-on-year increase of US$1.95 billion.
In March 2021, the import value was US$379 million, a year-on-year increase of 21.7%; the export value was US$2.47 billion, a year-on-year increase of 29.1%.
In terms of imports, from January to March 2021, imports of parts and components amounted to US$599 million, a year-on-year increase of 41.1%, accounting for 58.9% of total imports. Imported complete machines were US$418 million, a year-on-year increase of 5.67%, accounting for 41.1% of total imports. Among the main imported products, the import volume of crawler excavators decreased by 37.7%, the import value fell by 10.3%, and the import value decreased by 14.67 million U.S. dollars; the import value of parts and components increased by 174 million U.S. dollars. Import growth mainly includes: other construction vehicles, crawler cranes, high-horsepower bulldozers, loaders, etc. The main declines in imports are: crawler excavators, elevators and escalators, pile drivers and engineering drilling rigs, rock drilling machinery and pneumatic tools.
In terms of exports, the total export of the whole machine was US$4.243 billion, a year-on-year increase of 51.3%, accounting for 63.2% of the total export; the export of parts and components was US$2.471 billion, a year-on-year increase of 40.1%, accounting for 36.8% of the total export. The main complete machines with increased exports from January to March include: crawler excavators, forklifts, loaders, etc. The main reasons for the decrease in exports are: tunnel boring machines, etc.
In the first quarter of this year, the export of construction machinery to six continents increased significantly. Among them, exports to Asia were US$ 2.942 billion, accounting for 43.8% of total exports; a year-on-year increase of 40.3%; exports to Africa were US$ 614 million, accounting for 9.15% of total exports, a year-on-year increase 47.3%; exports to Europe were 1.586 billion US dollars, accounting for 23.6% of total exports, a year-on-year increase of 59.3%; exports to North America US$774 million, accounting for 11.5% of total exports, a year-on-year increase of 32.1%; exports to Oceania US$318 million, accounting for 4.73 total exports %, a year-on-year increase of 68.4%; exports to South America were US$479 million, accounting for 7.14% of total exports, a year-on-year increase of 68.7%. Exports to South America, Oceania, and Europe increased significantly.
In terms of the distribution and changes of the main regional markets for import and export, Dongmeng returned to its position as the largest regional market for construction machinery in my country, followed by the European Union and the United Kingdom and Africa and Latin America, with exports of US$12.05, 11.09 and 1.094 billion respectively; the US The market grew by 31.6%, which was less than the growth rate of total exports, and its share dropped to 10.03%.
In terms of major export countries, exports to the United States, Russia, Japan, India, Australia, Vietnam, Indonesia, Germany and other countries in the first quarter exceeded 200 million U.S. dollars. We continue to maintain our position as the main market for construction machinery. The following table:
The major export target countries together accounted for 65.1% of the total export value. Exports to countries along the “Belt and Road” totaled US$2.831 billion, accounting for 41.5% of all exports, a year-on-year increase of 42.2%. Exports to the BRIC countries were US$912 million, accounting for 13.6% of all exports, a year-on-year increase of 53.4%.
Compared with 2019 before the epidemic, exports in March 2021 increased by 11.9% year-on-year in 2019, and cumulative exports from January to March increased by 21% compared with the same period in 2019. Imports in March 2021 are 8.44% lower than the same period in 2019, and cumulative exports from January to March are 7.02% lower than the same period in 2019.
