From the export data of 2009, the export value of Chinese engineering machinery was 7.121 billion U.S. dollars, down 39% year-on-year. The import value of construction machinery in 2009 amounted to 4.773 billion U.S. dollars, down 16% year-on-year.
The monthly export value of Chinese construction machinery in 2009 was approximately equivalent to the basic level in 2007. The export figure of 2008 was very high, so the year-on-year growth of 2009 was negative. Taking into account of the pick up of external demand in 2010 and low base of the overall data in 2009, the year-on-year growth of export value is expected restored to the level of 50% in 2010. Because of the strong demand from Chinese domestic market, the decline of import value was not very obvious in 2009. As of 2009 November and December, the year-on-year data had turned positive, showing quite obvious recovery. It is expected that the import value of construction machinery will increase about 30%.