U.S. will become the largest overseas market for Japanese machine tools

In March 2013, according to the Japan Machine Tool Industry Association (JMTBA), total Japanese machine tool orders reached 90.49 billion yen, showing a 11.9% rise compared to the previous month but a 11.5% decline year-on-year. Domestic orders in Japan were 33.60 billion yen, marking a significant 22.9% increase from the prior month, although they fell 14.0% compared to the same period in the previous year. On the other hand, overseas orders totaled 56.89 billion yen, which was up 6.2% from the previous month but dropped 25.3% year-on-year. Notably, the U.S. emerged as the largest overseas market for Japanese machine tools in 2013, surpassing China. Looking at the first quarter of 2013, total machine tool orders amounted to 243.03 billion yen, representing a 23.0% decrease compared to the same period in 2012. Domestic orders stood at 84.95 billion yen, down 13.2%, while foreign orders declined to 158.07 billion yen, a drop of 27.4%. Total order sales for the quarter reached 310.76 billion yen, a 15.2% year-on-year decrease. Specifically, CNC machine tool orders were 302.49 billion yen, down 14.6%, and handheld orders totaled 476.01 billion yen, reflecting a 21.1% decline, with 453.25 billion yen attributed to CNC machines alone, down 21.4%. In addition, during the first quarter of 2013, orders from the United States rose by 11.5% year-on-year to 54.28 billion yen, while Chinese orders fell sharply by 60.3% to 31.16 billion yen. Orders from Germany dropped by 23.6%, and those from Thailand plummeted by 55.9%. These figures highlight a challenging environment for Japanese machine tool exports, driven by slowing demand in key markets like China and Southeast Asia, while the U.S. market showed some resilience.

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