Starting with crawler excavators, in November 2025, China exported 27,752 units, with a total export value of USD 872 million, representing year-on-year growth of 52.36% in volume and 26.67% in value.
From January to November, cumulative exports reached 274,010 units, up 35.19% year on year, with a total value of approximately USD 9.1 billion, marking a 26.34% increase, covering 210 countries and regions worldwide.

Monthly Export Trends

Compared with the same period last year, China's crawler excavator exports have maintained steady growth throughout 2025, with the growth rate gradually accelerating. In November alone, export volume growth exceeded 50%, significantly higher than the cumulative growth rate of 35%, indicating a strong likelihood that this high-growth momentum will continue.

Month-on-Month Performance

Among the top ten export destinations in November, exports to Belgium, Brazil, Italy, Australia, France, and Vietnam increased month on month. Notably, exports to Brazil, Italy, and Vietnam surged by over 100% compared with October.
In contrast, exports to the United States, Indonesia, Russia, and Canada declined to varying degrees, with exports to Russia dropping by more than 30% month on month.

Export Volume by Country

From January to November, China exported more than 4,000 crawler excavators to 15 countries and regions, including four markets exceeding 10,000 units.
The United States ranked first with 54,322 units, nearly three times the volume of the second-largest market. This was followed by Indonesia (18,578 units), Belgium (14,372 units), Germany (14,144 units), and Canada (9,448 units).
Other key markets included Italy, Russia, Poland, Vietnam, the Philippines, Brazil, Australia, France, and the Netherlands, each importing more than 5,000 units.

It is worth noting that Germany fell to fourth place in cumulative exports, with only 406 units exported in November, representing a month-on-month decline of over 70%.

Export Value Analysis

In terms of export value, the top 20 countries and regions for Chinese crawler excavator exports recorded over USD 100 million each from January to November, with a combined total of USD 5.76 billion, accounting for 64.49% of total exports.
Indonesia ranked first with USD 910 million, followed by Russia (USD 810 million) and Belgium (USD 560 million).
Although the United States led significantly in export volume, it ranked only seventh in export value. Meanwhile, Russia, Guinea, the Philippines, Mali, Türkiye, and Saudi Arabia ranked noticeably higher in value than in volume, reflecting stronger demand for higher-priced models in these markets.

2025 marked a year of major breakthroughs for LuYu. Not only are LuYu excavators now selling well in South America and Southeast Asia, but this year we have also achieved significant success in regions such as Germany, Poland, and Belarus.