As is known to the industry, truck export has always been the main focus of China's commercial vehicle export, accounting for nearly 80% of China's commercial vehicle export volume every year. Now, the characteristics and influencing factors of truck export market are briefly analyzed as follows:

I. A brief analysis of the characteristics

1. In recent years, the export market fluctuates between high and low, there is no certain law to follow.

According to data statistics, in recent years, China's truck export market has been up and down, ups and downs, there is no certain rules to follow.

2. Asia, Africa and Latin America are the key regions of China's truck export, among which Asia accounts for the highest proportion, but it has been shrinking in recent years. Africa ranks second and is basically in a relatively stable situation. Latin America occupies the third place, but its share has increased significantly in recent years. The exporting countries are scattered.

 In the recent 7 years, the regional distribution of truck export in the global market:

1. Asia accounts for the largest share, but it has been shrinking in recent years.

2. Africa ranks second with a relatively stable situation, and its share has not changed too much

3. Latin America occupies the third place, but in recent years, its share has been expanding significantly, showing signs of increasing year by year, which is a new growth point.

4. Further research shows that China's truck exports mainly Russia, Ukraine, Saudi Arabia, Iraq, Iran, Algeria, north Korea, Vietnam, the Philippines, etc., and in Angola, Morocco, Egypt, Nigeria, South Africa, and Latin America, Chile and other countries or regions, in general, mainly in the majority countries along the way, The exporting countries are scattered.

II. A brief analysis of the favorable and adverse factors of truck export

(I) Favorable factors:

1. On the way forward of China's automobile industry, the gap between Chinese truck performance and European and American products has been narrowing, and at the same time, the price advantage has been maintained. For example, the dump truck emphasizes practicality, middle and low-end models are relatively large. The tractor head is more focused on comfort, and the coverage of high-end products is wider, which brings good opportunities for China's truck export."

2. At present, China's truck exports are mainly concentrated in the countries along the "One Belt And One Road", where there are more infrastructure projects and more demand for construction trucks and tractor heads. This background brings new opportunities for Chinese trailers and trucks to explore overseas markets. 2021 won't be much different.In the next few years the global infrastructure construction investment will be accumulated more than $14 trillion, and "neighbourhood" all the way along the potential demand of the national infrastructure investment reached $5 trillion, plus the "the investment Banks" financial support to infrastructure, beforehand, Latin America and other developing countries, is expected to account for more than 80% of Chinese exports heavy trucks. With the gradual stability of the world economy, politics and other factors, developing countries are vigorously developing economic construction, China's truck exports will have a broader market space.

3. China's new energy trucks have certain competitive advantages in the world, such as pure electric light trucks, which can take the lead of new energy trucks to occupy the truck market in some developed countries.

4. With the two free trade agreements with the Republic of Korea and Australia taking effect, China has signed 14 free trade agreements with 22 countries and regions. This will be conducive to the connection of related industries, the continuous advancement of the free trade zone strategy will promote the development of China's open economy, but also bring a positive impact on China's truck export.

(II) Adverse factors:

1. Influenced by factors such as the escalation of global trade frictions and the tightening of financing conditions and slowing of investment in emerging markets due to the interest rate rise of the US dollar, the trade war will have a great impact on commodity prices in the future, with great uncertainty. The main regions of China's truck exports are resource-rich countries, whose purchasing power is greatly affected by commodity prices.

2.Instability factors such as local wars will also affect China's truck export to a certain extent.

3. Due to lack of understanding of trade laws and regulations and lack of experience in international trade, some countries have set up a series of technical barriers to trade, which brings some difficulties to China's truck export.

4.The rising shipping cost in 2020 is pressing foreign trade people out of breath. Many foreign trade partners are expecting the shipping cost to fall in 2021, but this time we are disappointed! Container rates have risen sharply again today, and on some routes they show no signs of abating.According to the Global Container Freight Index, the Global spot Container Freight rate rose again on the first day of the New Year, rising 10% to $3,448 /FEU from $3,143 /FEU in the last issue. At the same time last year, the figure was just $1,461 /FEU.

Rates are rising on almost all routes out of Asia, largely due to rising demand and a continuing global shortage of containers.

In recent months, "record" container rates have become the norm. On some routes, the trend shows no sign of abating.

In a word, there are both opportunities and challenges in China's truck export market in the future. More opportunities than challenges. If you want to import trucks from China, buy as soon as possible, if the sea freight and raw material costs continue to rise, and then wait and see the loss. If you read this article, you will definitely choose SUNSKY TRAILER to buy. SUNSKY has 30 years of truck export experience. If you choose SUNSKY, you will surely realize the quality and considerate service of our trucks.