The China Machine Tool Industry Association released on the 5th the economic operation of the machine tool industry from January to May 2023. According to relevant statistics, in the first five months of 2023, the operation of China's machine tool industry has maintained a stable recovery trend. During the same period, China's total import and export of machine tools increased by 2.0% year-on-year.
According to reports, the statistics of the key contact enterprises of the China Machine Tool Industry Association show that from January to May 2023, the operating income of key contact enterprises increased by 2.4% year-on-year, and the total profit decreased by 23.3% year-on-year, but all sub-sectors remained profitable . New orders for metal processing machine tools decreased by 2.1% year-on-year, and orders in hand increased by 10.8% year-on-year.
From January to May, the output of metal cutting machine tools of enterprises above designated size in China was 244,000 units, a year-on-year decrease of 2.0%; the output of metal forming machine tools was 75,000 units, a year-on-year decrease of 9.6%.
In addition, the total import and export volume of China's machine tool tools from January to May was 13.36 billion US dollars, a year-on-year increase of 2.0%. Among them, the import was 4.74 billion US dollars, a year-on-year decrease of 6.9%; the export was 8.62 billion US dollars, a year-on-year increase of 7.7%. The growth rate of exports has declined, and the decline in imports has also narrowed.
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