Core Insights - The engineering machinery industry in China is experiencing significant growth, with various product categories showing double-digit sales increases in the first eight months of 2025 [1][3] - The export value of engineering machinery far exceeds the import value, indicating a strong international market presence [7][8] Sales Performance - In the first eight months of 2025, the sales of excavators reached 154,181 units, marking a year-on-year increase of 17.2% [3] - Loader sales totaled 83,209 units, reflecting a 12.9% year-on-year growth [3] - Forklift sales amounted to 976,026 units, also showing a 12.9% increase compared to the previous year [3] Export and Import Data - The total import and export trade value for the engineering machinery sector was $40.398 billion, representing an 11% year-on-year increase [7] - Imports were valued at $1.8 billion, with a growth of 2.84%, while exports reached $38.597 billion, increasing by 11.4% [7] Factors Driving Growth - The surge in sales is attributed to a series of national policies implemented since 2024 and the initiation of several engineering projects [5] - Large-scale equipment upgrades have also contributed positively to the growth observed in the first eight months of 2025 [5] International Market Engagement - The 2025 China International Engineering Machinery Exhibition showcased over 20,000 high-end, green, and intelligent products, attracting international buyers from over 50 countries [9] - Companies are shifting from traditional single-product trade to a comprehensive value chain approach in international markets, which is becoming a new source of profit [11] Export Trends - One company reported that its export business has seen a compound annual growth rate of over 30% for six consecutive years, with exports accounting for 43.5% of the group's total business in 2025 [13] - Another company noted that 61% of the engines produced in China are now exported, marking a historical high [14]

Core Insights - The Chinese engineering machinery industry has experienced significant growth in product sales and exports in the first eight months of the year, with various categories showing double-digit increases [1][2][4]. Sales Performance - From January to August, the sales of engineering machinery products increased by over 10% year-on-year, with excavator sales reaching 154,181 units (up 17.2%), loader sales at 83,209 units (up 12.9%), and forklift sales at 976,026 units (up 12.9%) [2][4]. - The growth is attributed to government policies and the initiation of large-scale projects, which have stimulated demand for equipment upgrades [2]. Export and Import Dynamics - The total import and export trade value of engineering machinery from January to August reached $40.398 billion, marking an 11% year-on-year increase. Exports amounted to $38.597 billion (up 11.4%), while imports were $1.8 billion (up 2.84%) [4]. - The export value significantly exceeds the import value, indicating a strong international demand for Chinese engineering machinery products [4]. Profitability and Market Expansion - The engineering machinery industry's profits have surged, with a notable portion of profits derived from overseas markets. Companies are increasingly focusing on global market expansion [4][5]. - A Chinese engineering machinery company reported that it expects to sign overseas market orders worth 5 billion RMB with buyers from over 50 countries [4]. Industry Trends - Chinese engineering machinery companies are shifting from a traditional single-product export model to a comprehensive value chain approach, which is driving new profit sources [5]. - The industry is witnessing a trend of establishing overseas centers, with one company reporting that its export business has grown at a compound annual growth rate of over 30% for six consecutive years, now accounting for 43.5% of its total business [7]. Market Competition and Development - The industry is urged to avoid "involution" and irrational competition to maintain a healthy market order. Companies are encouraged to enhance technological innovation and product quality [9][11]. - Experts emphasize the need to address low-price competition and promote the orderly exit of outdated capacities, while also advancing the construction of a unified national market to enhance the efficiency of the engineering machinery supply chain [13].