In terms of major export countries, exports to the United States, Indonesia, Russia, Japan, Australia, India, Brazil, Belgium and other countries exceeded US $300 million in the first quarter, continue to maintain the main market position of our construction machinery, the other export target market exports are shown in table 3. The first quarter of 2022 our country construction machinery import and export market analysis table 3 our country construction machinery export amount top 20 countries and regions this year first quarter, our construction machinery to the above-mentioned main export target countries accounted for 68% of the total export value.
Exports to the “Belt and Road” countries totaled US $4.01 billion, or 41.25 percent of total exports, up 41.8 percent year-on-year, while BRICS exports totaled US $1.48 billion, or 15.2 percent of total exports, a year-on-year increase of 62.5 per cent. In the first quarter of 2022, the turnover of our country‘s overseas contracted projects was 184.16 billion yuan, down 5.7% (or US $29 billion, down 3.7% year-on-year) , and the new contract signed was 300.94 billion yuan, a year-on-year decline of 13.3% (or $47.39 billion, or 11.5%) . Of the 207 projects with a new contract value of more than US $50 million, 109 projects with a value of more than US $100 million have been signed. New contracts signed in the “Belt and Road” countries amounted to US $24.64 billion, with turnover of US $15.97 billion, accounting for 52% and 55.1% of the total over the same period, respectively. In the first quarter of this year, the export of construction machinery of our country has the following main characteristics:
(1) under the complicated and changeable international political, economic and market environment, the export of construction machinery of our country is on the basis of 34 billion US dollars last year, the first quarter of this year continues to show a high growth rate, the first quarter of each month exports hit the current period of the highest level, showing a strong resilience.
(2) in contrast to exports, imports remained weak in the first quarter, especially in March, which was the lowest on record for the month of March.?
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