According to the latest data released by the General Administrationof Customs, my country's construction machinery import and exporttrade has maintained steady growth since the beginning of 2025,especially in November, when the industry's export growth momentumbecame even stronger. The volume saw asignificant increase, laying a solid foundation for achieving theannual trade targets. This series of impressive data not onlydemonstrates the continuous strengthening of the core competitivenessof my country's construction machinery industry in the global marketbut also sends a positive signal to domestic and internationalpartners, further confirming the remarkable achievements of mycountry's high-quality development strategy for the constructionmachinery industry.
Looking at the monthly data, my country's construction machineryimport and export trade performed particularly well in November 2025.According to customs data, the import and export trade volume reachedUS$5.4 billion in that month, a year-on-year increase of 15.4%. Boththe monthly trade volume and the year-on-year growth rate showed asteady upward trend. Imports amounted to US$170 million, a decreaseof 11.9% year-on-year; while exports reached US$5.23 billion, ayear-on-year increase of 16.6%. The substantial increase in exportswas the core driving force behind the overall increase in tradevolume for the month. This data fully demonstrates the increasingrecognition of Chinese construction machinery products in theinternational market and the continued strong demand from overseasmarkets.
Export data denominated in RMB is equally impressive. In November, mycountry's construction machinery exports amounted to 37.131 billionyuan, a year-on-year increase of 16.5%, which is basically consistentwith the export growth rate denominated in US dollars, furtherconfirming the stability and sustainability of my country'sconstruction machinery export growth. This achievement is inseparablefrom the continuous investment of my country's construction machineryindustry in technological innovation, product upgrading, and qualityimprovement, and also benefits from the unremitting efforts ofdomestic enterprises to actively expand overseas markets and optimizeinternational marketing networks.
From the cumulative data, from January to November 2025, my country'sconstruction machinery import and export trade volume totaledUS$56.118 billion, a year-on-year increase of 11.8%. The cumulativetrade scale continued to expand, and the growth trend remainedsteady. From January to November 2025, the cumulative import valuereached US$2.362 billion, a year-on-year decrease of 0.28%,indicating that the import scale remained largely stable. Thecumulative export value reached a staggering US$53.756 billion, ayear-on-year increase of 12.4%, making exports the absolute drivingforce behind the growth of cumulative trade volume. In RMB terms, thecumulative export value from January to November reached 384.948billion yuan, a year-on-year increase of 13.3%, a higher growth ratethan that in US dollars, demonstrating the diversified advantages ofmy country's construction machinery exports in terms of currencyvaluation.
Since 2025, the global construction machinery market competitionlandscape has continued to evolve, and the structure of internationalmarket demand has been continuously optimized. my country'sconstruction machinery industry has steadily expanded its marketshare in the global market thanks to its excellent product quality,advanced technology, comprehensive after-sales service, and highcost-effectiveness. In terms of export product structure, the exportvolume of core equipment such as excavators, loaders, and cranescontinued to grow, and the proportion of high-end intelligentconstruction machinery products in exports continued to increase,becoming a new engine for export growth. This has not only driven thegrowth of my country's construction machinery exports but alsopromoted the overall transformation and upgrading of the industry,helping my country move from a major manufacturing country to amanufacturing powerhouse in construction machinery.
In terms of imports, the cumulative import value from January toNovember 2025 decreased slightly by 0.28% year-on-year, remaininglargely stable. This trend is closely related to the continuousimprovement of my country's independent innovation capabilities inthe construction machinery industry. In recent years, domesticenterprises have made breakthroughs in R&D in core components andhigh-end equipment, effectively reducing their dependence on importedproducts, and at the same time promoting the improvement of domesticproduct quality and technological level, further enhancing theoverall competitiveness of my country's construction machineryindustry.
For import and export enterprises, the current favorable tradesituation in my country's construction machinery industry undoubtedlybrings many development opportunities. With the continuousadvancement of the "Belt and Road" initiative, my country'strade cooperation in construction machinery with countries along theroute has deepened, and overseas market space has been furtherexpanded. At the same time, the continuous support of relevantdomestic policies and the continuous improvement of industrystandards have also provided a good policy environment and marketorder for enterprise development. Against this backdrop, domesticconstruction machinery import and export enterprises should seizedevelopment opportunities, continuously increase investment intechnological innovation, optimize product structure, and enhanceproduct added value; further expand overseas market channels,strengthen international cooperation and exchanges, and enhance theinternational influence of their brands; and at the same time,closely monitor international market dynamics, actively respond tovarious risks and challenges, and achieve high-quality development.Looking ahead, with the gradual recovery of the global economy andthe continued growth in infrastructure construction demand, mycountry's engineering machinery import and export trade is expectedto maintain a steady growth trend. The Chinese engineering machineryindustry will continue to uphold the principles of innovation-drivendevelopment, quality leadership, and green development, continuouslyenhancing its core competitiveness and promoting the industry'sadvancement towards high-end, intelligent, and environmentallyfriendly development, contributing China's strength to thedevelopment of the global engineering machinery industry. We willalso continue to monitor industry trade data dynamics, providing thelatest industry information and high-quality trade services todomestic and international partners, and working together withcolleagues from all sectors to create a prosperous future for theengineering machinery industry.
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