5月我国工程机械出口额同比+8.5%，叉车5月销量同比+11.8%

Investment Rating - The industry rating is "Outperform the market" indicating an expectation for the industry to perform better than the overall market in the next six months [77]. Core Insights - In May 2025, China's engineering machinery export value increased by 8.51% year-on-year, with total trade amounting to USD 5.238 billion, reflecting a growth of 8.1% [1][17]. - The total engineering machinery export value from January to May 2025 reached USD 24.185 billion, up 8.49% year-on-year, with exports specifically growing by 8.98% [20]. - The sales report for May 2025 showed mixed results across various machinery categories, with notable increases in forklift sales by 11.8% and significant declines in tower crane sales by 28.4% [2][23]. Summary by Sections Industry Performance - The engineering machinery sector's export value in May 2025 was USD 5.024 billion, marking an 8.51% increase year-on-year [1][17]. - The total trade value for the first five months of 2025 was USD 24.185 billion, with exports at USD 23.095 billion, reflecting a year-on-year increase of 8.98% [20]. Sales Data - In May 2025, the sales of various machinery products showed diverse trends: - Graders: 649 units sold, down 3.28% year-on-year [2]. - Truck cranes: 1,748 units sold, down 8.1% year-on-year [21]. - Forklifts: 123,472 units sold, up 11.8% year-on-year [23]. - Road rollers: 1,589 units sold, up 17% year-on-year [23]. - Tower cranes: 538 units sold, down 28.4% year-on-year [22]. Key Developments - The first batch of industrial humanoid robots was launched in Liuzhou, marking a significant advancement in high-end robotics manufacturing in Guangxi [3][26]. - National railway fixed asset investment reached CNY 242.1 billion from January to May 2025, reflecting a 5.9% year-on-year increase, contributing to economic growth [4][27].