Steady growth in exports and strong growth momentum in emerging markets - Analysis of China's Construction Machinery Industry Exports in the First Half of 2025 (2)

July 08, 2025View:

China's major construction machinery exports in the first half of the year

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In terms of export categories, the export value of excavators, which account for the largest share, has maintained growth for 12 consecutive months. The export value of lifting machinery, mixing machinery and other categories still maintained some growth momentum, but the cumulative export value of earthmoving machinery, industrial vehicles, rock drilling and tunneling pile drivers and tools, and other engineering vehicles and equipment decreased to varying degrees year-on-year in the first half of the year.

Excavators: As the category with the highest share of exports (17%), China 's cumulative exports of excavators reached 4.9 billion U.S. dollars in the first half of the year, up 22.8% year-on-year. Since July 2024, excavator exports have maintained growth for 12 consecutive months, driven by mining demand in markets such as Indonesia, Brazil and Africa, and infrastructure demand in emerging markets such as the Belt and Road Initiative. It is the main driver of China's excavator export growth; At the same time, the export of second-hand equipment has also brought new revenue sources for China's excavator exports.

Industrial vehicles: China's cumulative exports of industrial vehicles reached 4.32 billion U.S. dollars in the first half of the year, down 0.3% year-on-year. Amid the electrification transition supporting industrial vehicle exports, Asia, a major export market, still maintained a year-on-year increase of 20 percent; But exports to Europe, the second-largest export market, fell 23 per cent in the first half of the year, a significant drop from 2024, mainly due to the high base of the previous two years and weak economic growth in Europe, which led to rising production costs and suppressed demand growth, with forklift exports to Europe falling sharply.

Rock drilling and pile drivers and tools: China's cumulative exports of rock drilling and pile drivers and tools in the first half of the year were $650 million, down 9.6% year-on-year. It was the category with the largest year-on-year decline in China's construction machinery exports during the same period and a significant drop from the more than 50% year-on-year growth in exports in 2024. Among the continents, Asia maintained steady growth, exports to Africa rose sharply, but all other markets declined year-on-year, with Europe seeing the biggest drop in exports, mainly self-propelled tunnel boring machines (shield machines).

Parts: China's cumulative exports of construction machinery parts reached 7.97 billion U.S. dollars in the first half of the year, up 12.7 percent year-on-year, a significant acceleration compared to 1.1 percent year-on-year for the full year of 2024. In terms of export markets, China's exports of construction machinery parts to all continents generally increased. Only North America saw a year-on-year decline of 3.2%, mainly due to the continuous decline in exports of parts to the United States.



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