China sees booming excavator sales as global recovery starts to gather pace

2021年04月10日 09:25:55 | 来源:Xinhua

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Chinese excavator makers have seen booming businesses since the beginning of the year.

Analysts say that is fueled by surging market demand and signs of economic rebounds both at home and abroad.

Data from the China Construction Machinery Association (CCMA) showed, in the first quarter, China's 26 leading excavator makers sold a total of 126,941 digging machines, up 85 percent year-on-year.

During the same period, they exported a total of 13,376 digging machines, surging 81.9 percent year-on-year.

As new orders proliferated, excavator sales in February hit a record high for the same month by amounting to 28,305 units, according to the CCMA.

The figure is often regarded as a key barometer of the vitality of an economy.

Xuzhou Construction Machinery Group (XCMG) in east China's Jiangsu Province is one of China's top excavator manufacturers.

It saw over 200 units of tailor-made excavators lining up on April 2 to be delivered to Europe, the United States and Australia.

Despite COVID-19, overseas sales of the company's digging machines bucked the downward trend by gaining over 50 percent year-on-year in the high-end markets of Europe, the United States and Australia.

With machines exported to 187 countries and regions, overseas revenue accounts for about 30 percent of the company's total income.

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