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Total profits of China's machine tool industry fell in the first half of 2019

source:Update time:2020-04-14 14:02:11The number of clicks:657timeFont size:T | T

On August 16, the China Machine Tool Industry Association revealed that the total profits of the machine tool industry and its major sub-industries in the first half of 2019 decreased by 20.9% compared with the same period last year.Meanwhile, the export growth of machine tool industry has become a bright spot in the first half of the year.In the second half of the year, China's machine tool industry as a whole is expected to maintain the trend of continuous upgrading of demand.

"2019 China Machine Tool Industry Analysis Report - Market Operation Status quo and Development Prospect Assessment" released by Reference View Research World

In 2018, the output of metal cutting machine tools by enterprises in the industry regulation was 488,610, up 0.4% year on year.Among them, the output of CNC metal-cutting machine tools was 190,642, down 5.7% year on year.The output of metal forming machines was 230012, 11.1% lower than that of the previous year.The output of CNC metal forming machines was 22,653, with a year-on-year growth of 8.8%.

In the first half of 2019, The total import volume of China's machine tool industry was 6.95 billion US dollars, down 20.6% year-on-year.Exports totaled $7.03 billion, up 9.2% from a year earlier.In the first half of the year, China's machine tool industry recorded a surplus for the first time in history.According to the data, the main reason is the increase in exports and the decrease in imports.The increase in exports reflects the industry's long-term efforts to actively explore the international market, while the decrease in imports is mainly related to the decline in domestic demand.According to the data, the size of China's robot market was 3.48 billion US dollars in 2014, rising to 7.21 billion US dollars in 2018 and reaching 8.68 billion US dollars in 2019.

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