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my country’s equipment manufacturing exports were strong in the first quarter, and mining machinery broke through the international market

In the first quarter of this year, my country's equipment manufacturing exports reached 4.25 trillion yuan—a year-on-year increase of 19.2%—accounting for more than 60% of the country's total export value. Amid the global mining boom, Chinese mining machinery has successfully made significant inroads into international markets, achieving growth in both volume and quality.

The latest data shows that in the first quarter of this year, the export scale of my country’s equipment manufacturing industry reached 4.25 trillion yuan, a year-on-year increase of 19.2%, and the proportion of exports exceeded 60% of the country’s total export value, demonstrating strong resilience in foreign trade development.

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Since last year, international gold, silver and other precious metal prices have continued to rise, which has directly driven the rising popularity of the global mining industry, and the market demand for mining equipment has increased sharply.
Driven by this round of global mining “gold-nugget fever”, my country’s mining machinery products have successfully broken through in the international market with their excellent strength. Not only have domestic sales increased significantly, but the export scale has also achieved leapfrog growth.
Local foreign trade data also confirms this good trend. In the first quarter of this year, the value of Shandong Province’s construction machinery exports was approximately 14.02 billion yuan, a year-on-year increase of 18.5%.
Among them, large excavators, mining dump trucks, and intelligent complete sets of mining equipment have become the main drivers of export growth, leading the industry in growth rate.

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From the perspective of development momentum, my country’s mining machinery exports have achieved both quantity and quality, mainly due to two core advantages.
On the one hand, the industry is accelerating its transformation and upgrading to complete sets and intelligence, which can provide integrated overall solutions to overseas customers, and the number of related orders has increased significantly.
In the past, overseas customers may need to purchase a variety of equipment from different manufacturers and then assemble and debug it themselves. This not only consumes time and energy, but may also cause compatibility issues.
Nowadays, my country’s mining machinery companies provide complete sets of intelligent equipment, from mining to transportation, from mineral processing to environmental protection treatment, to meet customer needs in one stop, greatly improving production efficiency and operational benefits.

On the other hand, the overseas market layout continues to be optimized, and the market diversification characteristics are becoming more and more obvious.
Demand has grown most rapidly in emerging markets such as Southeast Asia, Africa, and Central Asia. These regions are in a stage of rapid development and have strong demand for the development of mining resources.
At the same time, orders from high-end markets such as Australia and Europe have also increased significantly.
As a major mining country, Australia has extremely high requirements for the quality and technology of mining equipment. The fact that our country’s mining machinery can be recognized in the Australian market fully proves its excellent quality and advanced technology.
The European market has higher requirements for environmental protection and intelligence. Our country’s mining machinery companies continue to innovate to meet the needs of the European market, thereby pushing my country’s mining machinery exports into a new stage of high-quality development.

Looking to the future, with the further recovery of the global economy and the continued development of the mining market, my country’s equipment manufacturing industry, especially mining machinery products, is expected to continue to maintain a good export momentum and inject new impetus into the development of my country’s foreign trade.

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