China's excavator sales grow 11% YoY in Jul

SHANGHAI, Aug 13 (SMM) – Excavator sales in China grew 11% from a year ago to stand at 12,346 units in July, compared to 15,121 units in June, according to data from China Construction Machinery Association.

Last month, 10,190 excavators were sold domestically, up 9.14% year on year, while exports expanded 20.7% from a year ago to stand at 2,156 units.

This brought sales across the top 25 excavator makers in the first seven months of the year to 149,553 units, with a year-over-year increase of 13.9%. Sales in January-June expanded 14.2% from the same period last year.

In the January-July period, domestic excavator sales rose 12% year on year to 135,062 units, and exports grew 35.7% from a year ago to 14,491 units.

Sales of digging machines are usually driven by growth in mining and infrastructure development.