2026 Q1 China Elevator Export Data Released, Exports to ASEAN Increased by 18.7% Year-on-Year
Core data interpretation: First, regional market distribution, ASEAN accounts for 33.8%, Middle East 18.2%, Africa 16.5%, EU 12.1%, Russia and Central Asia 10.3%, other regions 9.1%; Second, product structure, passenger elevator exports account for 58%, escalators 25%, home elevators 10%, freight elevators and others 7%, the proportion of intelligent and energy-saving elevator exports increased to 42%; Third, growth drivers, the implementation of tariff reduction and standard mutual recognition policies in the 3.0 version of the China-ASEAN Free Trade Area has driven the rapid growth of exports to ASEAN. Vietnam, Thailand, the Philippines, Malaysia, and Indonesia have become the top five export countries; Fourth, price trend, the average export price increased by 2.1% year-on-year, mainly due to the increased proportion of high value-added intelligent elevators and heavy-duty escalators, and the continuous optimization of product structure; Fifth, trade facilitation, the utilization rate of RCEP certificates of origin reached 85%, more than 70% of elevator products enjoy zero tariff treatment, greatly reducing the cost of export enterprises.