Machinery / Industrial Parts & Tools

According to customs data, in March, 1.46 million machine tools were exported, a year-on-year decrease of 16.2%. Customs data shows that in the first quarter, a total of 3.82 million machine tools were exported, a year-on-year decrease of 34.2%, which is 7.6 percentage points narrower than the decrease from January to February.

Customs data shows that in March, 11468 tractors were exported, a year-on-year increase of 57.8%. Customs data shows that in the first quarter, a total of 34557 tractors were exported, a year-on-year decrease of 7%.

According to customs data, overall, in the first quarter of 2023, China's major machinery and equipment exports experienced varying degrees of decline, but the export situation in March was significantly improved compared to the previous two months.