Chinax5c's lifting machinery: stable exports in 2024, expected to maintain growth in exports by 2025
Created Date: 19th Feb 2025
In 2024, China's import and export volume of construction machinery products achieved a good year-on-year growth, with a total import and export volume of 55.53 billion US dollars and an 8.5% year-on-year increase in import and export amount.
Looking ahead to the new year, Yu Dongke, Secretary General of the Engineering Agricultural Machinery Branch of the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, predicts that as an industry with obvious cyclical characteristics, under pressure, China's import and export of engineering machinery products is expected to maintain a slight growth in 2025.
In engineering machinery products, the total import and export volume of shovel transport machinery, industrial vehicles, lifting machinery, mixing machinery, rock drilling and excavation pile workers and tools and other products has achieved year-on-year growth, while the total import and export volume of excavators has decreased year-on-year.
Last year, the import and export volume of Chinese shovel machinery steadily increased, with imports achieving a year-on-year triple digit growth. Front shovel loaders, other non road transport vehicles, and other tracked bulldozers became the main products driving the export growth of shovel machinery.
Data shows that in 2024, the total import and export volume of Chinese shovel machinery was 7.35 billion US dollars, a year-on-year increase of 20.3%.
Among them, the export value was 7.1 billion US dollars, a year-on-year increase of 17.6%;
The import value was 250 million US dollars, a year-on-year increase of 248%.
At present, China's industrial vehicle exports have entered a period of rapid growth, with a year-on-year increase in cumulative exports last year.
Data shows that in 2024, the total import and export volume of industrial vehicles in China was 8.86 billion US dollars, a year-on-year increase of 13.3%.
Among them, the export value was 8.71 billion US dollars, a year-on-year increase of 14.3%.
Electrification provides strong support for exports, with electric industrial vehicle exports accounting for 48.9% of total industrial vehicle exports last year. With the continuous increase in electrification penetration rate, it is expected that China's electric industrial vehicle exports will maintain growth in 2025, "said Yu Dongke.
Looking ahead to the new year, Yu Dongke, Secretary General of the Engineering Agricultural Machinery Branch of the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, predicts that as an industry with obvious cyclical characteristics, under pressure, China's import and export of engineering machinery products is expected to maintain a slight growth in 2025.
In engineering machinery products, the total import and export volume of shovel transport machinery, industrial vehicles, lifting machinery, mixing machinery, rock drilling and excavation pile workers and tools and other products has achieved year-on-year growth, while the total import and export volume of excavators has decreased year-on-year.
Last year, the import and export volume of Chinese shovel machinery steadily increased, with imports achieving a year-on-year triple digit growth. Front shovel loaders, other non road transport vehicles, and other tracked bulldozers became the main products driving the export growth of shovel machinery.
Data shows that in 2024, the total import and export volume of Chinese shovel machinery was 7.35 billion US dollars, a year-on-year increase of 20.3%.
Among them, the export value was 7.1 billion US dollars, a year-on-year increase of 17.6%;
The import value was 250 million US dollars, a year-on-year increase of 248%.
At present, China's industrial vehicle exports have entered a period of rapid growth, with a year-on-year increase in cumulative exports last year.
Data shows that in 2024, the total import and export volume of industrial vehicles in China was 8.86 billion US dollars, a year-on-year increase of 13.3%.
Among them, the export value was 8.71 billion US dollars, a year-on-year increase of 14.3%.
Electrification provides strong support for exports, with electric industrial vehicle exports accounting for 48.9% of total industrial vehicle exports last year. With the continuous increase in electrification penetration rate, it is expected that China's electric industrial vehicle exports will maintain growth in 2025, "said Yu Dongke.