According to the data of the General Administration of Customs, the import and export trade volume of China's construction machinery in 2023 will be 51.063 billion US dollars, a year-on-year increase of 8.57%.
Among them, the export of construction machinery continued to grow, while the import showed a narrowing trend. In 2023, China's export of construction machinery products will reach 48.552 billion US dollars, a year-on-year increase of 9.59%. The import value was 2.511 billion US dollars, a year-on-year decrease of 8.03%, and the cumulative import value narrowed from a year-on-year decrease of 19.8% to 8.03% at the end of the year. The trade surplus was 46.04 billion US dollars, an increase of 4.468 billion US dollars year-on-year.
In terms of export categories, the export of complete machines is better than the export of parts. In 2023, the cumulative export of complete machines will be 34.134 billion US dollars, a year-on-year increase of 16.4%, accounting for 70.3% of the total exports; The export of parts and components was 14.417 billion US dollars, accounting for 29.7% of the total exports, a year-on-year decrease of 3.81%. The growth rate of the export of the whole machine was 20.26 percentage points higher than the growth rate of the export of parts.
01
The overall export performance is mixed, with
high exports and large growth in the Russian Federation, India, Africa and Latin America

In 2023, China's construction machinery exports to all continents will achieve positive growth in exports to Asia, Europe, South America, and Africa, while exports to North America and Oceania will decline, as follows:
Exports to Asia were 19.649 billion US dollars, a year-on-year increase of 7.61%;
exports to Europe were 12.689 billion US dollars, a year-on-year increase of 22.2%;
exports to North America were 5.12 billion US dollars, a year-on-year decrease of 7.21%;
exports to South America were 4.538 billion US dollars, a year-on-year increase of 10.1%;
exports to Africa were 4.475 billion US dollars, a year-on-year increase of 15.6%;
Exports to Oceania were 2.078 billion US dollars, a year-on-year decrease of 3.17%.
Exports to countries along the "Belt and Road".

　Among the exports to major regional economies, exports to Africa, Latin America, the Russian Federation, and India showed positive growth; Exports to the three major economies of ASEAN, the European Union and the United Kingdom, the United States, Canada and Mexico Free Trade Area declined, and the sluggish demand of these three economies was the main driving force for the decline in China's construction machinery exports in the second half of the year. The details are as follows:
The export value to Africa and Latin America was 9.013 billion US dollars, a year-on-year increase of 12.8%, accounting for 18.56% of the total export.
exports to the Russian Federation were 6.058 billion US dollars, a year-on-year increase of 66.5%, accounting for 12.48% of total exports;
exports to India were 1.78 billion US dollars, a year-on-year increase of 20.3%, accounting for 3.67% of the total exports;
Exports to ASEAN were 7.16 billion US dollars, down 10.2% year-on-year, accounting for 14.75% of total exports.
exports to the EU and the UK were 6.265 billion US dollars, down 2.97% year-on-year, accounting for 12.9% of total exports;
exports to the US-Canada-Mexico FTA were 6.038 billion US dollars, down 0.73% year-on-year, accounting for 12.44% of total exports;

Among the world's major export target countries, the total export value of the top 20 countries and regions accounted for 66.87% of the total exports.
Among them, a total of 12 countries and regions (the Russian Federation, the United States, Indonesia, Japan, Australia, India, Brazil, Belgium, Saudi Arabia, Turkey, South Korea, Thailand) have an annual export volume of more than one billion US dollars;
Among the top 50 countries and regions in terms of export value, Maldives, Algeria, Kyrgyzstan, Turkey, Mongolia, Tajikistan, Uzbekistan, the Russian Federation, Laos, Mexico, and the United Arab Emirates all increased by more than 50%.
02 The specific export country flow of
the main products
We have learned about the overall export flow of construction machinery, of which the Russian Federation, the United States, Indonesia, Japan, Australia, and India rank among the top six exports. Below, let's look at the specific export flow by category.

In 2023, the main target markets in the main categories of China's construction machinery products sorted by export value:
The main export countries of excavators are: Russia, Belgium, Indonesia, the United States, Turkey, Saudi Arabia, the Philippines, Vietnam, the United Kingdom, the Netherlands, etc., and the export value of the above countries exceeds 200 million US dollars;
The main export countries of loaders are: Russia, the United States, Belgium, Brazil, Australia, Kazakhstan, Saudi Arabia, Indonesia, South Africa, etc., and the export value of the above countries is more than 80 million US dollars;
The main export countries of bulldozers are the Russian Federation, Indonesia, etc., and the export amount to the above two countries is more than 80 million US dollars;
The main export countries of truck cranes are: Russia, India, Brazil, Saudi Arabia, the United Arab Emirates, Indonesia, Kazakhstan, Thailand, etc.;
Crawler cranes are mainly exported to: India, Indonesia, Russia, Singapore, Hong Kong, South Korea, Australia, Turkey, the United Arab Emirates, etc.;
Tower cranes are mainly exported to: Turkey, Russia, Singapore, South Korea, the United Arab Emirates, Uzbekistan, Taiwan, China, etc.;
The main export countries of forklifts are: Russia, the United States, the Netherlands, Australia, Brazil, Mexico, Belgium, Canada, Turkey, Germany, Thailand, India, South Korea, the United Kingdom, Malaysia, Indonesia, France, Saudi Arabia, Italy, etc.;
The main export countries of rock drilling machinery and pneumatic tools are: the United States, Russia, Malaysia, Brazil, Vietnam, Singapore, India, Saudi Arabia, Mexico, South Korea, Australia, etc.;
Tunnel boring machines are mainly exported to: Italy, South Korea, Australia, India, Thailand, Russia, Taiwan, Singapore, Brazil, etc.;
The main export countries of road rollers are: the United States, Russia, Australia, Indonesia, Saudi Arabia, the Philippines, Brazil, Belgium, etc.;
The main export countries of pavers are: the United States, Russia, Saudi Arabia, Brazil, Italy, Vietnam, India, etc.;
The main export countries of off-highway dump trucks are: Russia, Indonesia, Mongolia, Democratic Republic of the Congo, Uzbekistan, South Africa, Saudi Arabia, Laos, Malaysia, Kazakhstan, the United Arab Emirates, Brazil, Thailand, India, Tajikistan, etc.;
The main export countries of parts are: the United States, Japan, Russia, Australia, India, South Korea, Indonesia, Brazil, Canada, the United Kingdom, Italy, Thailand, Germany, Malaysia, Vietnam, the United Arab Emirates, etc.
03 Analysis of domestic sales of
excavators and loaders by region In 2023, the top ten regions in terms of excavator sales are: Jiangsu, Guangdong, Sichuan, Anhui, Shandong, Zhejiang, Xinjiang, Yunnan, Jiangxi, and Hubei.

Among them, only two provinces, Jiangsu (6,294 units) and Guangdong (5,520), have annual sales of more than 5,000 units.

The top ten regions in terms of loader sales in 2023 are: Shanxi, Inner Mongolia, Shandong, Hebei, Shaanxi, Jiangsu, Xinjiang, Henan, Fujian, and Zhejiang. Among them, Shanxi (3,819 units), Inner Mongolia (3,808 units), Shandong (3,691), and Hebei (3,607) have annual sales of more than 3,000 units.
Through the comparison of the above two sets of data, it is found that the demand for excavators and loaders in various regions is quite different, and only one province in Shandong is the top five regions in terms of sales.
At present, the situation of China's construction machinery industry is still not optimistic. The bottom of the domestic market is unknown, although China's construction machinery exports are still showing positive growth, but the international market competition is intensifying, trade protection is very loud, China's construction machinery international trade environment is very severe.
In this case, construction machinery enterprises should adhere to the new stage of development, implement the new development concept, build a new development pattern, solidly promote the pace of internationalization of China's construction machinery industry, and strive to promote China's construction machinery trade exports into a new stage of high-quality development.