Based on the data information obtained and compiled by the China Machine Tool Industry Association, the main indicators of the operation of the Chinese machine tool industry from January to November 2024 are summarized as follows.

The entire machine tool industry achieved a revenue of 930.2 billion yuan, a year-on-year decrease of 5.6%. Among them, metal cutting machine tools increased by 6.6% year-on-year, and metal forming machine tools increased by 5.5% year-on-year.

New orders for metal processing machine tools increased by 3.7% year-on-year, while orders in hand increased by 4.6% year-on-year.

The production of metal cutting machine tools by enterprises above designated size nationwide was 612000 units, a year-on-year increase of 8.1%; The output of metal forming machine tools was 144000 units, a year-on-year increase of 4.3%.

The total import and export value of machine tool products was 28.79 billion US dollars, a year-on-year decrease of 1.2%. Among them, the import volume was 9.19 billion US dollars, a year-on-year decrease of 9.4%; The export value was 19.59 billion US dollars, a year-on-year increase of 3.2%. The import value of metal cutting machine tools was 4.33 billion US dollars, a year-on-year decrease of 7.9%; The export value was 5.04 billion US dollars, unchanged year-on-year. The import value of metal forming machine tools was 620 million US dollars, a year-on-year decrease of 28.7%; The export value was 2.3 billion US dollars, a year-on-year increase of 14.3%.

Article source: China Machine Tool Industry Association