According to customs data, the import and export trade volume of China’s construction machinery from January to June 2021 was US$17.118 billion, a year-on-year increase of 47.9%. Among them, the import value was US$2.046 billion, a year-on-year increase of 10.9%; the export value was US$15.071 billion, a year-on-year increase of 54.9%, and the trade surplus was US$13.025 billion, an increase of US$7.884 billion. From January to June 2021, the monthly report for the import and export of construction machinery is shown.
In terms of imports, from January to June 2021, imports of parts and components amounted to US$1.208 billion, a year-on-year increase of 30.5%, accounting for 59% of total imports. Imports of the whole machine were US$ 838 million, a year-on-year decrease of 8.87%, and 41% of the station’s total imports. Among the main imported products, the import volume of crawler excavators decreased by 45.4%, the import value fell by 38.7%, and the import value decreased by US$147 million; the import value of parts and components increased by US$283 million. Import growth mainly includes crawler excavators, pile drivers and engineering drilling rigs, elevators and escalators, other cranes and stackers.
In terms of exports, the total export of complete machines was 9.687 billion U.S. dollars, an increase of 63.3% year-on-year, accounting for 64.3% of total exports; component exports were 5.384 billion U.S. dollars, an increase of 41.8% year-on-year, accounting for 35.7% of total exports. The main complete machines with increased exports from January to June are: crawler excavators, forklifts, loaders, crawler cranes and off-road dump trucks. Tunnel boring machines, etc., were mainly responsible for the decrease in exports.
Thanks to the continued boom in the construction machinery market, Weitai Hydraulics also achieved greater growth in the first half of the year 2021. In particular, the export business of Hydraulic Motors has accounted for half of China’s total exports. The market share of Weitai’s WTM series Final Drives, MCR series Rexroth Travel Motors, and MS series Poclain Drive Motors continues to expand. In particular, the customer base of OEM Track Drives continues to grow, which reflects the reliable quality and good service of Weitai Travel Motor.
Post time: Aug-31-2021