South Korean machine tool orders surged in the first four months
2018-12-09 19:25:28
In the Korean auto and parts, motors and electronics, general machinery and other domestic demand industries further recovery, as well as the continued growth of the world's markets, South Korea's machine tool orders in March saw a substantial increase, indicating strong market demand. Among them, South Korea's domestic orders for the month were 291.4 billion won, up 53.3% from the previous month; export orders were 234.1 billion won, up 16.4% from the previous month.
In March 2011, the value of Korean machine tools was 295.7 billion won, a slight increase of 21.1% from the previous month's 244.2 billion won, and an increase of 31.3% from the March 2010 figure of 225.1 billion won. In the first quarter, Korea's cumulative production of machine tools totaled 781.7 billion won, an increase of 31.5% over the same period in 2010.
According to the latest statistics provided by the Korea Machine Tool Manufacturers Association (KOMMA), in March 2011, Korean machine tool new orders were 525.5 billion won, up 34.3% from last year's 391.2 billion won, compared with 299.7 billion won in the same period last year. It increased by 75.3%. In the first quarter, total new orders for machine tools Korea 1.2885 trillion yen, an increase of 77.5%, the best performance of the recent quarter.
In addition, in March, shipments of Korean machine tools were 293.8 billion won, an increase of 12.2% from the previous month. In the first quarter, the cumulative shipments of Korean machine tools were 798.2 billion won, a year-on-year increase of 45.7%.
Import and export trade, in March 2011, South Korea imported machine tools worth 151 million US dollars, growth of 11.7%, year on year increase of 22.8%; exports of machine tools $ 176 million, growth of 12.6%, year on year increase of 55.8%. In the first quarter, South Korea's cumulative import of machine tools was $423 million, an increase of 35.8% from $312 million in the same period in 2010; cumulative machine tools exported were $485 million, an increase of 67.7% from $289 million in the same period in 2010. With the machine tool import and export respectively 10 consecutive months and 13 months remain above $ 100 million monthly level of the first quarter of 2011, South Korean machine tool trade achieved US $ 062 million trade surplus.
China is the largest market for South Korean machine tool exports. A quarter of South Korean exports of machine tools to China worth 183 million US dollars, an increase of 51.1%, accounting for 37.7% of total exports, fell by 2.3 percentage points to 43% in 2010. The United States is South Korea's second largest export market, the United States exported $ 058 million, up sharply increased 185.5%, with a share of 12%. Germany ranked third with an export value of US$47 million, a sharp increase of 574.1% year-on-year and a share of 9.7%.
In March 2011, the value of Korean machine tools was 295.7 billion won, a slight increase of 21.1% from the previous month's 244.2 billion won, and an increase of 31.3% from the March 2010 figure of 225.1 billion won. In the first quarter, Korea's cumulative production of machine tools totaled 781.7 billion won, an increase of 31.5% over the same period in 2010.
According to the latest statistics provided by the Korea Machine Tool Manufacturers Association (KOMMA), in March 2011, Korean machine tool new orders were 525.5 billion won, up 34.3% from last year's 391.2 billion won, compared with 299.7 billion won in the same period last year. It increased by 75.3%. In the first quarter, total new orders for machine tools Korea 1.2885 trillion yen, an increase of 77.5%, the best performance of the recent quarter.
In addition, in March, shipments of Korean machine tools were 293.8 billion won, an increase of 12.2% from the previous month. In the first quarter, the cumulative shipments of Korean machine tools were 798.2 billion won, a year-on-year increase of 45.7%.
Import and export trade, in March 2011, South Korea imported machine tools worth 151 million US dollars, growth of 11.7%, year on year increase of 22.8%; exports of machine tools $ 176 million, growth of 12.6%, year on year increase of 55.8%. In the first quarter, South Korea's cumulative import of machine tools was $423 million, an increase of 35.8% from $312 million in the same period in 2010; cumulative machine tools exported were $485 million, an increase of 67.7% from $289 million in the same period in 2010. With the machine tool import and export respectively 10 consecutive months and 13 months remain above $ 100 million monthly level of the first quarter of 2011, South Korean machine tool trade achieved US $ 062 million trade surplus.
China is the largest market for South Korean machine tool exports. A quarter of South Korean exports of machine tools to China worth 183 million US dollars, an increase of 51.1%, accounting for 37.7% of total exports, fell by 2.3 percentage points to 43% in 2010. The United States is South Korea's second largest export market, the United States exported $ 058 million, up sharply increased 185.5%, with a share of 12%. Germany ranked third with an export value of US$47 million, a sharp increase of 574.1% year-on-year and a share of 9.7%.
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