China's Engineering Machinery Import and Export Trade Reaches $4.655 Billion in August 2024
November 06, 2024
China's Engineering Machinery Import and Export Trade Reaches $4.655 Billion in August 2024
- Source: China Engineering Machinery Industry Association
According to data compiled from customs, China's engineering machinery import and export trade reached $4.655 billion in August 2024, representing a year-on-year increase of 9.02%. Among this, the import value was $224 million, marking a year-on-year growth of 5.54%, while the export value was $4.432 billion, up 9.2% compared to the previous year.
From January to August 2024, the total import and export trade value of engineering machinery in China amounted to $36.403 billion, reflecting a year-on-year increase of 4.55%. This includes an import value of $1.751 billion, showing a slight decline of 0.14%, and an export value of $34.653 billion, which is a year-on-year increase of 4.8%.
In terms of export value calculated in RMB, the export in August reached 31.608 billion yuan, showing a growth of 8.98% year-on-year. From January to August, the total export value was 246.333 billion yuan, an increase of 7.38% year-on-year.
The data highlights the growing demand for various types of machinery, including Electric Excavators, Mini Wheel Loaders, and Backhoe Loaders for sale, indicating a robust recovery in the sector.
