According to data compiled by the GeneralAdministration of Customs, my country's construction machinery importand export trade maintained a steady growth trend in March 2026, withthe total trade volume increasing year-on-year. Exports performedparticularly well, continuing to be the core engine of industrygrowth. In the first quarter of 2026, my country's constructionmachinery achieved a strong start, with thetotal trade volume increasing significantly year-on-year and exportscontinuing to expand. This demonstrates the strong resilience andcore competitiveness of my country's construction machinery industryin overseas markets, and also brings broad market opportunities todomestic construction machinery export companies.
Specifically, in March 2026, my country'sconstruction machinery import and export trade volume reachedUS$5.584 billion, a year-on-year increase of 8.08%. Achieving steadygrowth against the backdrop of a sluggish global constructionmachinery market recovery and complex and volatile geopoliticalconditions is truly remarkable. This achievement is inseparable fromthe technological innovation, quality upgrades, and continuouscultivation of overseas markets by domestic construction machinerycompanies. From a trade structure perspective, imports and exportsexhibited a distinct characteristic of "export-driven growth andimport contraction." Imports totaled US$204 million, ayear-on-year decrease of 20%; exports reached US$5.38 billion, ayear-on-year increase of 9.54%. Exports not only accounted for over96% of total trade but also, with double-digit year-on-year growth,became the core driver of import and export trade growth in March,fully demonstrating the continued improvement in the competitivenessof my country's construction machinery products in the global market.
Looking at export data denominated in RMB,my country's construction machinery exports in March reached RMB37.36 billion, a year-on-year increase of 6.29%. While there is aslight difference between the RMB-denominated growth rate and theUSD-denominated growth rate, mainly due to exchange ratefluctuations, the overall positive growth trend further confirms thestability of my country's construction machinery exports. Behind thisdata lies the result of domestic construction machinery exportcompanies proactively adapting to global market demands, optimizingproduct structure, and improving product cost-effectiveness. Whetherit's large excavators, loaders, small construction machinery, orsupporting components, their reliable quality and advanced technologyhave gained widespread recognition from global buyers.
Looking at a longer timeframe, my country'sconstruction machinery import and export trade performed even moreimpressively in the first quarter of 2026, laying a solid foundationfor the industry's development throughout the year. The total importand export value of my country's construction machinery reachedUS$16.657 billion in the first quarter, a year-on-year increase of22.7%, a significant increase compared to the growth rate in Marchalone, demonstrating strong growth momentum. Imports totaled US$591million, a year-on-year decrease of 9.62%; exports totaled US$16.066billion, a year-on-year increase of 24.3%. The year-on-year growthrate of exports far exceeded the overall trade growth rate, becomingthe core driving force for the growth of import and export trade inthe first quarter, and highlighting the strong resilience of mycountry's construction machinery exports.
In RMB terms, my country's cumulativeexports of construction machinery in the first quarter of 2026reached RMB 112.437 billion, a year-on-year increase of 21.3%,basically consistent with the export growth rate in USD terms,further illustrating the stability and sustainability of my country'sconstruction machinery export growth. From the perspective ofindustry development, the impressive export performance in the firstquarter was not accidental, but rather the result of multiple factorsworking together. On the one hand, domestic construction machinerycompanies have continuously increased their investment intechnological research and development, focusing on intelligent,green, and lightweight upgrades. They have launched a series ofcustomized products adapted to the needs of different global markets,such as excavators adapted to the high-temperature and high-humidityconditions of Southeast Asia and new energy construction machineryadapted to European environmental standards, significantly enhancingthe international competitiveness of their products. On the otherhand, the accelerated development of infrastructure construction inmany parts of the world, coupled with strong demand in emergingmarkets such as Southeast Asia, the Middle East, and Latin America,has provided a vast market space for my country's constructionmachinery exports.
Looking at import data, both March aloneand the first quarter cumulatively showed a year-on-year decline inmy country's construction machinery imports. This phenomenon reflectsthe continuous improvement of the domestic construction machineryindustry's self-sufficiency in substitution. In recent years,domestic construction machinery companies have made continuousbreakthroughs in core components and high-end products, breaking thetechnological monopoly of foreign companies. The performance andquality of domestically produced construction machinery products havegradually approached or even surpassed those of similar internationalproducts, while also possessing higher cost-effectiveness and morecomprehensive after-sales service. This has led to a continuousreduction in the domestic market's dependence on importedconstruction machinery, freeing up more resources for domesticconstruction machinery export companies to focus on expanding intooverseas markets.
For domestic construction machineryexporters, the import and export data for March and the first quarterof 2026 present both opportunities and impetus. Currently, the globalconstruction machinery market is at a critical juncture oftransformation and upgrading, with green, low-carbon, and intelligenttechnologies becoming the mainstream trends in industry development.Simultaneously, the continued release of RCEP policy dividends andthe deepening implementation of free trade agreements such as thosebetween China and Vietnam, and China and Thailand, have furtherreduced tariff costs and trade barriers for my country's constructionmachinery exports, providing convenient conditions for enterprises toexpand into overseas markets. Domestic construction machineryexporters should seize this opportunity, continuously deepentechnological innovation, optimize product structure, focus onemerging market layouts, improve overseas after-sales servicesystems, enhance international brand influence, and promote thetransformation of products towards high-end, intelligent, and greentechnologies to further expand export scale and improve exportquality.
It is worth noting that although mycountry's construction machinery exports have performed well, theyalso face some challenges, such as unstable global supply chains,exchange rate fluctuations, and intensified international marketcompetition. This requires domestic construction machinery exportersto strengthen risk control, optimize supply chain layouts, mitigateexchange rate fluctuation risks, and strengthen collaboration withoverseas dealers and partners to gain a deeper understanding of localmarket demands, launch more targeted products and services, andcontinuously enhance market competitiveness.
Overall, my country's constructionmachinery import and export data for March and the first quarter of2026 showed a positive trend of "export-led and steady growth."The continued strength of export business demonstrates the robustcapabilities and overseas expansion potential of my country'sconstruction machinery industry. For construction machinery exportingcompanies, they should build on the current favorable developmenttrend, seize the opportunity, continue to cultivate overseas markets,constantly improve product quality and service levels, promotehigh-quality overseas expansion of my country's constructionmachinery industry, and help my country move from a majorconstruction machinery manufacturing country to a manufacturingpowerhouse, occupying a more important position in the global market.
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