Korean machine tool new orders fell significantly in the past two months
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In the past two months, new orders for Korean machine tools have dropped significantly. Due to the decline in the global economic recovery rate and the increase of uncertainties, the machine tool industry may be unable to maintain the rapid growth in the first half of the year. The annual trend may show a trend of high and low.
From January to September, the total value of total machine tools produced in Korea was 1987.12 billion won, an increase of 64.77% over the same period in 2009 of 1,059.84 billion won. Among them, in September 2010, the output value of Korean machine tools was 247.613 billion won, an increase of 14.19% from the previous month's 216.844 billion won, and an increase of 51.95% from the 162.596 billion won in September 2009.
In terms of import and export trade, from January to September, South Korea’s cumulative import of machine tools was US$1.01 billion, an increase of 28.34% from US$787 million in the same period last year. Among them, in September 2010, South Korea imported machine tools of $124 million, down 4.26% from last month's $129 million, an increase of 25.06% from September 2009's $98.97 million. From January to September, South Korea exported a total of 1.165 billion US dollars of machine tools, an increase of 36.08% over the 856 million US dollars in the same period last year. Among them, in September 2010, South Korea exported 140 million US dollars of machine tools, an increase of 6.34% over the previous month's $ 132 million, but down 13.78% from last September's 163 million. Due to the recent slowdown in economic recovery in Europe and the United States, South Korea's machine tool exports have not yet fully recovered, especially in the past two months, the export volume has dropped significantly, and the rate of export recovery is slower than the recovery of domestic demand.
At present, China is Korea's largest machine tool export market, and South Korean machine tool manufacturers intend to develop products suitable for Chinese users' needs, thereby expanding their market share in China. From January 2009 to August 2010, the data on the monthly export volume of South Korean exports of metalworking machine tools to China showed that in July 2009, South Korea’s exports to China’s metalworking machine tools gradually fell to the lowest point, followed by fluctuations. Sexual recovery, the amount of imports in August have all rebounded. 