Machinery / Industrial Parts & Tools

Recently, according to the cross-border index of relevant departments, the export prospects of Chinese machinery industry brands are broad, and the market demand in the "Belt and Road" countries and regions represented by Southeast Asia is strong.

The cross-border index believes that in addition to the two positive factors of "global manufacturing demand is in the boom range" and "global commodity prices continue to rise", the infrastructure investment launched by governments to stimulate the economy has stimulated the demand for engineering and building materials machinery.

According to the data, on the basis of the 62% year-on-year increase in the export value of China's construction machinery in 2021, the export value in the first quarter of 2022 will continue to increase by 45% year-on-year. At present, Chinese machinery has obvious competitive advantages overseas, accounting for 8% of the global market share, ranking first in the world. Among them, the ASEAN and EU markets have high export value and rapid growth, especially the implementation of RCEP has greatly lowered the investment threshold for foreign investment in manufacturing in the region. The platform predicts that in the next 10 years, the export value of Chinese machinery products in the Southeast Asian market will maintain an annual growth rate of about 15%.

In addition, the resumption of work and production overseas has further driven the growth of China's exports of machinery products. Small wheeled tractors, small excavators, and fiber laser cutting machines have become explosive products, ranking the top three in terms of growth rate.

Looking forward to the future, the cross-border index predicts that serving the "Belt and Road" manufacturer buyers, small and medium-sized, automated, multi-functional, intelligent machinery and after-sales service digitalization are expected to become the three major opportunities for Chinese machinery industry brands to go overseas.