Earthmoving Machinery Monthly Data Tracker Exports remain the key growth engine in September; domestic demand continues to recover

According to the China Construction Machinery Association (CCMA), major excavator manufacturers sold 22,717 excavators in September 2026, up 14.4% y-y. Of these, domestic sales reached 9,911 units (including 218 electric excavators), up 7.2% y-y, while exports came in at 12,806 units (including 65 electric excavators), up 20.7% y-y. In 9M26, total excavator sales reached 214,274 units, up 23.1% y-y, with domestic sales of 104,530 units (up 16.3%) and exports of 109,744 units (up 30.4%). Major loader manufacturers sold 12,419 loaders in September 2026, up 17.9% y-y, with domestic sales of 5,773 units (up 14.3%) and exports of 6,646 units (up 21.3%). In 9M26, total loader sales reached 117,077 units, up 24.9% y-y, with domestic sales of 58,360 units (up 16.7%) and exports of 58,717 units (up 34.2%). For both major product categories, export growth outpaced domestic sales growth in September, making overseas markets the key driver of current unit-sales growth. Based on our calculations, e