Korean Machine Tool Market Trends in Feb. 2013

Korean Machine Tool Market Trends in Feb. 2013

 

<Order>

☐ Machine tool orders received by Korean suppliers in Feb. of 2013 stood at US$ 284.7 million(KRW 309.2 billion), an decrease of 12.2% over the same period a year earlier, also it is an decrease of 9.5% compared to the previous month.

The machine tool market in Feb. 2013 stood over US$ 276.2 million (KRW300 billion) two months in a row, but it is changed to Decrease compared to the same month in the previous year.

- Domestic Orders (Feb.) US$ 121.5 million (KRW 131.9 billion)

(-18.1% compared with the same month in the previous year)

- Export Orders (Feb.): US$ 163.3 million (KRW 177.3 billion)

    (-1.8% compared with the same month in the previous year)

 

<Production>
☐ Machine tool production in Feb. 2013 posted US$ 211.1 million (KRW 229.3 billion), decreasing by -16.3% compared with the same period of the previous year. Machine tool shipping during this period decreased by 20.6% to US$ 222.9 million (KRW 242.1 billion).

-Production According to Item

NC Cutting machines

[US$ 180.9 million (KRW 196.5 billion), 6.1% over the previous month]

Non-NC Cutting machines

[US$ 6.6 million (KRW 7.2 billion), 53.8%]

Forming machines

[US$ 23.7million (KRW 25.7 billion), -14.9%]

 
      -Production (Jan~Feb.): US$ 413.7 million (KRW449.3billion)

 (-13.7% compared with the same month in the previous year)

 -Shipping (Jan.Feb.): US$ 518.1 million (KRW562.7billion)

 (-1.8% compared with the same month in the previous year)

<Exports, Imports>

☐ With exports is below US$0.2 billion in two months, Import is close to US$0.1 billion for four months and the trade balance (Feb.~Jan. 2013) recorded a US$96 million surplus.

 ·Exports: Machine tool exports in Feb. 2013 amounted to US$150 million, a decrease of 1.0% over previous month.

·Imports: Machine tool imports in Feb. 2013 amounted to US$102 million, a decrease of 2.6% over previous month.

 -Exports (Jan.) US$150 million

   (-33.6% compared with the same month in the previous year

  -Imports (Jan.) US$102 million
   (-11.3% compared with the same month in the previous year

 

 

Amy Jeong
International Marketing Dept. KOMMA
+82-2-3459-0041 jjy0331@komma.org

SIMTOS2014 Secretariat
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