Institutions point out that as China gradually deepens cooperation with countries participating in the Belt and Road Initiative and enhances the competitiveness of its construction machinery products, engineering machinery exports remain resilient and are expected to maintain growth.

In 2023, the import and export trade volume of construction machinery in our country was $51.063 billion, an increase of 8.57% year-on-year. Among them, the import amount was $2.511 billion, a decrease of 8.03% year-on-year; the export amount was $48.552 billion, an increase of 9.59% year-on-year. The trade surplus was $46.04 billion, an increase of $4.468 billion year-on-year.

Xinhua News Agency, Beijing, May 5 —— Li Xingqian, Director of the Department of Foreign Trade of the Ministry of Commerce, recently said that, in combination with China's export performance in the first quarter, three areas—complete equipment, intelligent products, and low-carbon and energy-saving products—have shown abundant innovative vitality and potential for sustained growth. China's export products are moving towards a development path characterized by specialization, refinement, uniqueness, and innovation.