Analysis of the Import and Export of Agricultural Machinery in May 2023

We have conducted statistics on 59 commodity codes. According to data analysis released by the General Administration of Customs, which is organized by the Agricultural Machinery 360 website, in May 2023, the total import and export volume of agricultural machinery was 4.976 billion yuan, a decrease of 0.19% month on month and a year-on-year increase of 14.18%. The cumulative total import and export volume from January to May 2023 was 25.475 billion yuan.

In May, the export value of agricultural machinery reached 3.807 billion yuan, a decrease of 11.25% month on month and a year-on-year increase of 1.3%. The cumulative total export value from January to May 2023 is 21.913 billion yuan.

In May, the import amount of agricultural machinery was 1.169 billion yuan, a month on month increase of 68.03% and a year-on-year increase of 94.89%. The cumulative total import amount from January to May 2023 was 3.562 billion yuan.

In May, the top ten exporting countries and regions of agricultural machinery were the United States, Russia, India, Germany, Thailand, Vietnam, France, Kazakhstan, Indonesia, and Uzbekistan, with the top ten countries and regions accounting for 50.86% of the total export volume.

In May, the top ten importing countries and regions of agricultural machinery were the United States, Germany, France, Italy, Belgium, the Netherlands, Brazil, Canada, Japan and Norway, accounting for 94.44% of the total imports.

In May, the total import and export volume of agricultural machinery spare parts was 685 million yuan, a decrease of 3.39% month on month and 4.5% year-on-year. From January to May 2023, the cumulative total import and export volume was 3.486 billion yuan. Among them, the export value of spare parts in May was 578 million yuan, a decrease of 8.11% month on month and 8.57% year-on-year; The import amount was 107 million yuan, a month on month increase of 33.8% and a year-on-year increase of 25.75%. 

In May, the total import and export volume of agricultural machinery was 4.291 billion yuan, a month on month increase of 34% and a year-on-year increase of 17.86%. From January to May 2023, the cumulative total import and export volume was 21.989 billion yuan. Among them, the total export value of complete machines in May was 3.229 billion yuan, a decrease of 11.8% month on month and a year-on-year increase of 3.3%; The import amount was 1.062 billion yuan, an increase of 72.48% month on month and 106.3% year-on-year.