Reasons for the good development of China's agricultural machinery industry

The export value of farm machinery enterprises above designated size in the first quarter was 6 billion yuan, a year-on-year increase of 15.74%, and the growth rate was 10.5 percentage points lower than the same period of last year, which was lower than the increase in domestic sales. The industrial output value of enterprises above designated size in the industry is still in double digits. The number of agricultural machinery enterprises has increased by more than 70 at the end of last year. This is the result of the industry’s investment in fixed assets in recent years.

Analyzing the data in the first quarter, it is not difficult to see that there are three main reasons why the overall operation of the agricultural machinery industry is good in the first quarter of this year:

1. Major economic indicators still have rapid growth 2. The industry climate index continues to rise, investment intensity does not decrease. 3. The production and sales of enterprises are booming. Most agricultural machinery enterprises, especially corn machineries, begin production at full capacity early.