In 2024 China exported 140000 tractors with Russia and Thailand being the largest buyers

From the perspective of tractor exports in the past four years, 2023 is both a small peak in export volume and a small peak in export value. From January to October this year, China has exported nearly 125100 tractors of various types, with an export value of 5.51 billion yuan. The current export volume has exceeded the full year of 2022, and the export volume is also similar to the full year of 2022.

According to feedback from tractor manufacturers, they hold an optimistic attitude towards the tractor export market, and the export volume of tractors this year is expected to catch up with last year or slightly increase; However, the trend of increasing export value year by year is expected to be difficult to maintain this year.
Tractors with 50-100 horsepower are the main force for exporting and earning foreign exchange

From the composition of tractor export volume, hand guided tractors are the main export force, with an annual export volume of over 70000 units, accounting for almost half of the overall tractor export volume. It is worth noting that the export volume and proportion of hand guided tractors have shown a decreasing trend year by year. The export volume in 2021 was 77300 units, accounting for 55.66%; By 2023, the export volume will decrease to 70900 units, accounting for 48.74% of the total.
Except for 2022, the second largest export volume is maintained by 25-50 horsepower tractors. In 2021, tractors with less than 25 horsepower ranked third in export volume; Ranked third in 2023 and 2024, it has become a 50-100 horsepower tractor.
From the trend of export volume changes, the export volume of hand-held tractors shows a decreasing trend year by year, while the export volume of 50-100 horsepower tractors and 100-180 horsepower tractors shows an increasing trend year by year. At present, the export volume of tractors and track tractors/tractors with a horsepower of over 180 is relatively small, and the annual export volume basically does not exceed 2500 units.

From the composition of tractor exports, 50-100 horsepower tractors are the main source of foreign exchange earnings. Since 2022, the annual export value has been over 2.2 billion yuan. Next is the 100-180 horsepower tractor, with an export value of over 1.5 billion yuan, accounting for more than 60% of the total tractor export value.
From the perspective of tractor export value in the past four years, the export value of 50-100 horsepower tractors, 100-180 horsepower tractors, tractors with more than 180 horsepower, and track tractors/tractors have all shown an increasing trend year by year; The export value of hand guided tractors has been decreasing year by year, with significant fluctuations in the export value between tractors with less than 25 horsepower and tractors with 25-50 horsepower.
At present, only 50-100 horsepower tractors and 100-180 horsepower tractors have a stable annual export value of over 1 billion yuan. The export value of 25-50 horsepower tractors is also expected to exceed 1 billion yuan this year. The export value of tracked tractors/tractors, walking tractors, and tractors with less than 25 horsepower is currently relatively small, all less than 500 million yuan.
Russia and Thailand are the largest buyers of tractors in China

In the first 10 months of this year, China has exported various types of tractors to 182 countries and regions