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

In March 2013, the Japan Machine Tool Industry Association (JMTBA) reported that Japanese machine tool orders reached 90.49 billion yen. This marked an 11.9% rise compared to the previous month, but a year-on-year decline of 11.5%. Domestic orders in Japan stood at 33.60 billion yen, showing a significant 22.9% increase from the prior month, though they still fell by 14.0% compared to the same period in 2012. Meanwhile, overseas orders totaled 56.89 billion yen, which was up 6.2% month-over-month, yet down 25.3% from the same time the previous year. Notably, the U.S. became 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, reflecting a 23.0% drop year-on-year. Domestic orders were 84.95 billion yen, down 13.2%, while foreign orders fell to 158.07 billion yen, a 27.4% decrease. The total order value for the quarter was 310.76 billion yen, down 15.2% from the previous year. Specifically, CNC machine tool orders reached 302.49 billion yen, a 14.6% decrease, and hand-held machine tool orders totaled 476.01 billion yen, down 21.1% year-on-year, with 453.25 billion yen attributed to CNC models, a 21.4% drop. In the first quarter, U.S. orders rose by 11.5% year-on-year to 54.28 billion yen, while Chinese orders dropped sharply to 31.16 billion yen, down 60.3%. Orders from Germany declined by 23.6%, and those from Thailand fell by 55.9%, highlighting a challenging global environment for Japanese machine tool exports during this period.

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