China Heavy Machinery Industry Import and Export Overview (January-August 2024)
November 01, 2024
The heavy machinery industry experienced substantial trade activity from January to August 2024, with a total import and export value of $29.087 billion, marking an 11.77% increase year-on-year. This includes strong export growth alongside declining imports, resulting in an impressive trade surplus. Below is a detailed breakdown of the industry's performance across key sub-industries.
1. Metallurgical Machinery
- Total Trade: $2.172 billion, up 2.99% year-on-year.
- Exports: $1.955 billion, a 3.83% increase.
- Imports: $217 million, down 4.01%.
- Trade Surplus: $1.738 billion, an increase of 4.90%.
2. Mining Machinery
- Total Trade: $3.497 billion, a 23.12% increase.
- Exports: $3.296 billion, up 24.08%.
- Imports: $201 million, a 9.20% increase.
- Trade Surplus: $3.095 billion, up 25.19%.
3. Material Handling Machinery
- Total Trade: $23.362 billion, an 11.15% increase.
- Exports: $21.519 billion, a 14.38% increase.
- Imports: $1.843 billion, down 16.42%.
- Trade Surplus: $19.676 billion, up 18.47%.
With growing export figures and an expanding trade surplus, the heavy machinery sector remains a key contributor to trade performance, particularly within mining and material handling machinery. Zigong Tianyi Industry specializes in providing reliable, high-quality machinery parts(such as HPGR Carbide Pin, cheek plate, Vsi Crusher Rotor Tip Set, Distributor Plate...) and solutions, helping businesses thrive in a competitive global market.
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