Machinery / Industrial Parts & Tools

According to customs data, 16809 excavators of various types were sold in May 2023, a year-on-year decrease of 18.5%. Among them, there were 6592 domestic units, a year-on-year decrease of 45.9%; Export 10217 units, a year-on-year increase of 21%.

From January to May 2023, a total of 93052 excavators were sold, a year-on-year decrease of 23.9%. According to customs data, there were 44933 domestic units, a year-on-year decrease of 43.9%; Export 48119 units, a year-on-year increase of 13.9%.

According to customs data, the proportion of excavator exports to total sales in China exceeded 60% in May, reaching 60.8%. According to customs data, China's excavator exports from January to May have also surpassed domestic sales, with exports accounting for 52%.

Customs data shows that in the first quarter of this year, the company's overall exports increased by over 70% year-on-year. Among them, the most significant growth and key areas for the company's efforts are the Southeast Asian and South American markets. Customs data shows that in 2022, the company's exports to the Philippines increased by 60%, and its market to Argentina increased by 100%. This growth trend will continue in 2023.