According to the latest data from the National Bureau of Statistics, 22751 excavators were produced in December 2022, down 34.9% year on year. In 2022, the cumulative output of 306950 units in the whole year decreased by 21.7% year on year.
In terms of tractors, the output of large, medium and small tractors in December was 5572, 19011 and 14000, down 41.2%, 48.8% and 17.6% year on year respectively. In the whole year of 2022, the cumulative output of large, medium and small tractors was 107647, 291858 and 170000 respectively, with a year-on-year increase of 10.7%, a decrease of 8.2% and a decrease of 11.5%.
In general, in addition to the increase in the output of large tractors, the output of major machinery and equipment in China will decline in 2022. Among them, excavators saw the largest decline, down 21.7% year on year.
