January - November 2023 Machine Tool Industry Economic Operation Brief

China Machine Tool Industry Association key contact enterprise statistics show that from January to November 2023, the key contact enterprise operating income increased by 4.8%, the total profit decreased by 7.3%, and all sub-industries remained profitable. New orders for metal processing machine tools decreased by 3.9% year-on-year, and orders in hand increased by 6.3% year-on-year. According to the data released by the National Statistical Bureau, from January to November, the output of gold cutting machine tools in enterprises above the national scale was 601,000 units, an increase of 7.3%; The output of metal forming machine tools was 136,000 units, down 15.5% year-on-year. According to Chinese customs data, the total import and export volume of machine tools from January to November was 29.16 billion US dollars, down 3.5% year-on-year. Among them, the value of imports was 10.15 billion US dollars, down 11.0% year-on-year; Exports reached 19.01 billion US dollars, up 1.0% year on year.