Sealand: Construction machinery exports remain highly prosperous; maintain "Recommended" rating for the industry.

Sealand released a research report stating that the export sector of the construction machinery industry continues to maintain a high level of prosperity. In August 2026, China's construction machinery export value reached USD 6.064 billion, up 18.6% year-on-year, indicating solid momentum; by region, exports to Latin America/Africa/Asia maintained positive growth in August. The bank maintains a "Recommended" rating for the construction machinery industry. Sealand's main points are as follows: In August 2026, China's overall construction machinery exports maintained a high level of prosperity. According to the General Administration of Customs, overall, in August 2026, China's construction machinery export value reached USD 6.064 billion, up 18.6% year-on-year. Excavators are the main complete-machine export product in construction machinery, with export value growth of 22.2% year-on-year in August: based on data from the General Administration of Customs, in August 2026, excavator export value reached RMB 7.61 billion, up 22.2% year-on-year. By regional growth rate In August 2026, the year-on-year growth rates of China's export value to Latin America/Africa/Asia/Europe/North America/Oceania were +121%/+42%/+6%/-9%/+28.5%/+21%, respectively. From the perspective of excavator sales volume, the major core export countries across the continents were: in August 2026, Brazil (Latin America): 1,081 units exported; Germany (Europe): 1,771 units exported; Indonesia (Asia): 2,471 units exported; the United States (North America): 11,683 units exported; Nigeria (Africa): 420 units exported; Australia (Oceania): 863 units exported. Risk warnings: policy risk; market risk; tariff escalation risk; downside risk in market demand; exchange rate fluctuation risk; risk of sharp fluctuations in raw material prices; risk of China-U.S. trade friction exceeding expectations; Middle East incident risk.