(A) the industry's exports to key markets overseas
Affected by the slow global economic recovery, the slowdown in emerging market economies and the sluggish commodity prices, the demand of overseas construction machinery market continued to be sluggish. Since 2013, the export of construction machinery industry in our country continued to grow negatively, with a total export volume of USD12.01 billion in 2016, down 7.9% , A decline of 4.0% from the previous year to further expand. Despite the rebound in growth rate in Europe and Oceania, the decline in exports to key regional markets such as Asia, North America, Africa and Latin America is the main reason for the further decline in export growth in 2016.
Specifically, the United States, in 2016, although the decline is not large but the industry exports to the United States for the second consecutive year of negative growth, due to market structure and product competitiveness and other factors, the current construction machinery industry in China is also difficult in the hands of the European and American special Is the North American market to effectively share the benefits of increased market share. Australia, relying on the strong rebound of iron ore, coal and other mining exports and the active performance of the real estate industry, stimulated the industry to rebound in exports to Australia in 2016. The moderate recovery is expected to continue into 2017.
In addition, Australia's liquefied natural gas exports are also expected to make historic breakthroughs in 2017. Natural gas production will continue to increase, which will also be a good factor for the industry.