Economic operation of machine tool industry in January

According to the statistics of key enterprises affiliated to the China Machine Tool & Tool Industry Association, from January to May 2023, the operating revenue of key enterprises increased by 2.4% year on year, and the total profit decreased by 23.3% year on year, but all sub-industries remained profitable. The new orders of metal processing machine tools decreased by 2.1% year on year, and the orders in hand decreased by 10.8% year on year.

According to the data released by the National Bureau of Statistics, from January to May, the output of metal cutting machine tools of enterprises above designated size was 244,000 units, down by 2.0% year on year; the output of metal forming machine tools was 75,000 units, down by 9.6% year on year.

According to the data of China Customs, from January to May, the total import and export of machine tools was 13.36 billion US dollars, up by 2.0% year on year. Among them, the import was 4.74 billion US dollars, down by 6.9% year on year; the export was 8.62 billion US dollars, up by 7.7% year on year. The growth rate of export decreased, and the deceleration of import also decreased.

From the relevant data, in the first five months of 2023, the operation of the machine tool industry maintained a stable recovery trend.