2026 Q1 China Complete Elevator Export Data Released, Up 14.6% Year-on-Year
Core data interpretation: First, regional market distribution, Southeast Asia accounts for 38%, Russia and Central Asia 16%, Middle East 12%, Africa 10%, South America 9%, EU 8%, other regions 7%. Vietnam, Thailand, Indonesia, Russia and Saudi Arabia are the top five export countries; Second, product structure distribution, passenger elevators account for 68%, freight elevators 22%, home elevators 6%, medical elevators 4%. The proportion of export value of elevators with intelligent monitoring, energy feedback and barrier-free functions has increased to 75%, and the product structure continues to be optimized; Third, core growth drivers, the accelerated urbanization process in Southeast Asia and Africa, infrastructure construction, commercial complexes, and residential project development have driven the continuous growth of elevator demand. The Russian and Central Asian markets are affected by the withdrawal of European and American brands, and the market share of Chinese elevators has increased rapidly. At the same time, the global demand for old elevator renewal and transformation has exploded, becoming a new engine for export growth; Fourth, price trend, the average export price increased by 1.4% year-on-year, mainly due to the increased proportion of high value-added intelligent elevators, medical elevators, and heavy-duty freight elevators, and the product premium capacity continues to increase; Fifth, trade facilitation, the utilization rate of RCEP certificates of origin reached 92%, more than 95% of China's elevator products exported to ASEAN enjoy zero tariff treatment, and the trade facilitation policies between China, Russia and the five Central Asian countries continue to be implemented, greatly reducing the customs clearance costs of export enterprises.