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Trade

China exports more loaders

March 16, 2020


Abstract : A total of 1,575 loaders made by China's 23 leading loader manufacturers were sold overseas in February, up 18 percent year on year, data has shown.

BEIJING, March 15 (Xinhua) -- A total of 1,575 loaders made by China's 23 leading loader manufacturers were sold overseas in February, up 18 percent year on year, data has shown.

Domestic sales, however, more than halved to 2,057 last month, according to data from the China Construction Machinery Association.

During the first two months of the year, sales of loaders in domestic and overseas markets totaled 9,424, down 29.8 percent year on year.

January and February are traditionally a slack period for the mining and infrastructure sectors, as businesses usually slow down around the Spring Festival that falls in either late January or early February.

The outbreak of novel coronavirus disease led to a halt of business activities in many places in the country, further dampening domestic demand for loaders.

In 2019, China's loader sales totaled 123,615, rising 4.04 percent year on year.

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Keyword: export loaders

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