On January 19, Hunan Province released statistics. In 2021, the total import and export value of the province was 598.85 billion yuan, approaching the 600 billion yuan mark for the first time. In the opening year of the 14th five year plan, Hunan’s foreign trade scale jumped to a new level. The reporter of Securities Daily learned that although there are adverse factors such as repeated epidemic, rising raw materials and poor logistics, Hunan Construction machinery has become the main force of export.
Statistics show that in 2021, Hunan’s total import and export value increased by 22.6% compared with 2020. In recent years, the scale of Hunan’s foreign trade has shown a great leap forward development trend. It exceeded 200 billion yuan in 2017, 300 billion yuan in 2018 and 400 billion yuan in 2019. It crossed the 500 billion yuan mark and nearly 600 billion yuan in 2021, with an average annual growth rate of 25.2%, ranking first in China. Since joining the world trade organization, Hunan’s total import and export value has increased from 22.94 billion yuan in 2001 to 598.85 billion yuan in 2021, an increase of 25.1 times in 20 years. Over the past 20 years, Hunan has a stable trade position with traditional markets such as the United States, Japan and South Korea, and has continuously expanded emerging markets such as ASEAN, Africa, Latin America, Russia and India. The proportion of import and export with the above trading partners has increased from 18.1% in 2001 to 34.8% in 2021.
Why is Hunan’s foreign trade so awesome? According to the analysis of Changsha Customs staff, taking construction machinery as the representative of traditional advantageous industries, combined with 5g, artificial intelligence, big data and other new technologies, it presents a good pattern of “old trees bloom new flowers”. As the foundation of Hunan Construction machinery industry is stable and the industrial chain is perfect, it is better to rescue and seize business opportunities in the external market. In recent years, despite repeated epidemics, rising raw materials, poor logistics and other adverse factors, the global economy and trade have warmed up, China’s economy has continued to recover and develop, market demand has increased, which is conducive to the development of foreign trade. Relevant export enterprises in Hunan quickly seize the favorable opportunities and fight one beautiful turnaround after another.
According to the statistics of 27 main engine manufacturing enterprises included in the branch statistics by China Construction Machinery Industry Association, from January to November 2021, China exported 59812 excavators, a year-on-year increase of 95.9%, and the export sales accounted for 18.8% of the total sales. Among them, 8313 units were exported through large-scale excavation, with a year-on-year increase of 99.4%; 18478 sets were exported by China National excavation, with a year-on-year increase of 104.5%; 33021 micro excavation units were exported, with a year-on-year increase of 90.6%. When analyzing the above data, huicong.com analysts said that in 2020, China’s total export of construction machinery surpassed Germany to become the first in the world; In 2021, the export of China’s construction machinery will be overwhelming, once again making a good record in history. China’s initiative in one belt, one road, and the other countries along the border, which are relatively backward in their infrastructure, and lack of complete industrial support, have responded positively to the initiative and formed huge demand for overseas markets; the two reasons behind this achievement are: On the other hand, the strength of Chinese construction machinery manufacturing enterprises is becoming stronger and stronger, and their brand influence abroad has been greatly improved, which is recognized and trusted by more and more users.
On January 1, 2022, the regional comprehensive economic partnership agreement (hereinafter referred to as RCEP agreement) officially entered into force, marking the official landing of the free trade area with the largest population, the largest economic and trade scale and the most development potential in the world. After the agreement comes into effect, more than 90% of the trade in goods in the region will eventually achieve zero tariff, which will bring many opportunities for the development of Sany and other Chinese enterprises. On January 6, the first “Huaihua Vientiane” freight train carrying 16 Sany excavators departed from Hunan Huaihua international dry port, which is the first batch of excavator products approved for export by the Chinese industry after the RCEP agreement came into force. Tang Jianguo, deputy director of Sany Heavy Industry Co.Ltd(600031) international headquarters, introduced that the first train carried 25 TEUs of construction machinery with Sany Heavy Industry Co.Ltd(600031) as the main cargo. After departure, the train will go west through Guiyang, Liupanshui, Kunming and other cities, and arrive in Vientiane, Laos after leaving Mohan port in Yunnan. The whole journey is about 2098 kilometers and the whole journey transportation time is about 6 days. “The train is expected to run at the frequency of two trains per month in the early stage. Compared with the highway, the transportation time can be reduced by two-thirds, which will greatly shorten the distance between the two places and send Sany high-quality products overseas faster.”
The reporter of Securities Daily learned that in addition to Sany group, enterprises mainly engaged in Sunward Intelligent Equipment Co.Ltd(002097) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) of construction machinery, Xingbang intelligence of high-altitude equipment, China Railway Construction Heavy Industry Corporation Limited(688425) of underground equipment and Zhuzhou Times New Material Technology Co.Ltd(600458) of track equipment have made considerable gains in foreign trade export in 2021. The staff of the above-mentioned enterprises spoke highly of the overseas market prospect after the implementation of the RCEP agreement, and optimistic about the overseas market demand in 2022. “We have had a certain market foundation in the member countries of the RCEP agreement in the early stage, and now we are actively contacting local dealers and major customers.”
