China's metal processing machine tool export...

Published on 2019-07-02

China’s metal processing machine tool export deficit declined for the first time

Large machine tool industry data provided by the National Bureau of Statistics show that in 2007 1 ~ 10 months, China’s 4125 total industrial output value of enterprises 215.55 billion yuan, exceeded 200 billion yuan mark; exports reached $ 4.14 billion, an increase of 34.2%. Among them, metal processing machine tool exports 1.33 billion US dollars, an increase of 40.1%. Metal-working machines first 10 months of trade deficit reached $ 4.38 billion, down from $ 5.05 billion in the same period in 2006. With export growth, import growth has slowed down, the machine’s import and export trade deficit declined for the first time.  
  With the national emphasis on manufacturing equipment, machine tool companies significantly faster innovation, new product development results increased significantly. Wuhan Heavy Duty Machine Tool Group Co., Ltd. has developed China’s first propeller car milling; Jinan Machine Tool Group has successfully developed China’s first mobile door Ssangyong mechanical axis CNC boring and milling machine; Qiqihar Heavy CNC Equipment Co., Ltd. launched the heavy-duty CNC crankshaft Tornado machining center, breaking China’s large marine crankshaft processing machinery to rely on imports of history.