China’s foreign trade crane industry has experienced significant growth and transformation in the past few decades and has become an indispensable part of the global market. With the rapid development of China’s economy and the continuous deepening of the opening-up policy, crane equipment manufacturers have gradually stepped onto the international stage from the domestic market and actively participated in global competition. The government attaches great importance to the development of commerce and an open economy and has introduced a series of support policies to encourage enterprises to “go global”, which has provided a favorable external environment and development opportunities for the export of crane equipment.

In recent years, the total import and export volume of China’s crane industry has continued to grow. It exceeded the $500 million mark in 2023, with a year-on-year growth rate of over 30%. Behind this achievement is the continuous improvement of Chinese enterprises in terms of technological research and development, product quality and service level. Faced with the slowdown in domestic market demand, many enterprises have successfully explored the international market by increasing investment in research and development, optimizing production processes and improving product performance. For example, leading enterprises such as XCMG have established a solid market share in multiple regions such as Europe, Africa and Southeast Asia and have participated in major local engineering projects, demonstrating the high quality and reliability of Chinese crane equipment.