China Machine Tool Industry Association key contact enterprise statistics show that from January to August 2023, the operating income of key contact enterprises increased by 3.6%, the total profit decreased by 16.1%, and all sub-industries remained profitable. New orders for metal processing machine tools increased by 0.5% year-on-year, and orders in hand increased by 10.0% year-on-year.
According to the data released by the National Statistical Bureau, from January to August, the output of gold cutting machine tools in enterprises above designated size in the country was 398,000 units, down 1.0% year-on-year; The output of metal forming machine tools was 101,000 units, down 19.8% year-on-year.
According to Chinese customs data, the total import and export volume of machine tools from January to August was 21.30 billion US dollars, down 4.3% year-on-year. Among them, the value of imports was 7.49 billion US dollars, down 11.6%; Exports reached US $13.81 billion, up 0.1% year on year.
From the overall point of view of the machine tool industry, in the first eight months of 2023, the main economic indicators of the industry showed a steady recovery trend.