China Construction Machinery Industry
In the export data of 2009, the export value of Chinese engineering machinery was 7.121 billion U.S. dollars, down 39% year-on-year. The import valuation on construction machinery last year amounted to 4.773 billion U.S. dollars, down 16% year-on-year.
The monthly export value of Chinese Construction machinery in 2009 was approximately similar to the basic level in 2007. The export figure of 2008 was extremely high, hence the year-on-year expansion of 2009 was negative. Using with the pick up of external demand in 2010 and low lower overall data in 2009, the season-on-year increase of export value is expected restored to the degree of 50% really. As a result of strong demand from Chinese domestic market, the decline of import value had not been very obvious last year. By 2009 November and December, the season-on-year data had turned positive, showing quite obvious recovery. It truly is expected how the import valuation on construction machinery increase about 30%.