China's Agricultural Machinery Export Market Forecast in the Second Half of the Year

The “Agricultural Market Operation Report for the First Half of 2010” prepared by the Information Consulting Department of the China Agricultural Machinery Circulation Association predicts that China’s agricultural machinery exports will continue to exert its force in the second half of the year and become a beautiful landscape for the agricultural machinery market this year. It is expected that China's agricultural machinery exports will maintain double-digit growth throughout the year, and the increase is expected to be around 20%, because the agricultural machinery export market is facing a good development environment.

First, export demand is still the primary driving force for the export of agricultural machinery in China.

China's exports of farm machinery have a competitive advantage in cost-effectiveness. Last year, the export market was greatly affected by the financial crisis, resulting in a large area of ​​“exporting disasters”. However, on the other hand, the “cooling down” of the export market last year has also accumulated a large demand. Energy, with the mild recovery of the world economy this year, the consumption of developed countries has gradually started. The release of energy has led to a full “heating up” of the export market.

Second, the financial crisis around the world is drawing to a close. The impact on China's agricultural machinery export market has been greatly weakened. In particular, there have been signs of economic recovery in the European and American markets, and the demand for agricultural machinery has increased.

Third, in 2009, the export of agricultural machinery in China dropped drastically, forming an export “depression”, which led to a double-digit growth in exports in the first quarter of this year.

Fourth, under the influence of national export policies, China's agricultural machinery enterprises have adjusted their export strategic strategies and won markets.

Fifth, China's agricultural machinery export products are highly cost-effective due to their high quality and low price. Under the financial crisis, the consumption level of many export destination countries has fallen, and this advantage has been more reflected.

Sixthly, the financial crisis has hit the export companies of other countries even more, and even eliminated some of them, making the competitiveness of China's exports rise and fall. In 2009, China’s total exports exceeded Germany and became the world’s largest exporter. The market share of Chinese-made goods in many countries and regions is increasing.