Economic Operation Brief Of Machine Tool Industry in January-February 2024

China Machine Tool Industry Association key contact enterprise statistics show that from January to February 2024, the key contact enterprise operating income decreased by 5.7%, the total profit increased by 18.7%, and the sub-industries maintained the overall profit. New orders for metalworking machine tools fell 9.6% year on year, and orders in hand fell 14.9% year on year. According to the data released by the National Statistical Bureau, the output of gold cutting machine tools in enterprises above designated size in January-February was 92,000 units, an increase of 19.5%; The output of metal forming machine tools was 22,000 units, down 4.3% year-on-year. According to Chinese customs data, the total import and export volume of machine tools in January and February was 5.0.0 billion US dollars, an increase of 6.2%. Among them, the value of imports was 1.62 billion US dollars, down 3.5% year-on-year; Exports reached 3.38 billion US dollars, up by 14.0% year on year.