Economic operation of machine tool industry from January to April 2024

According to statistics from the China Machine Tool & Tool Builders' Association, key contact enterprises saw a year-on-year decrease of 3.0% in operating income and 3.7% in total profits from January to April 2024. However, all sub-sectors remained profitable overall. Orders for metal cutting machine tools decreased by 4.9% year-on-year, with backlog orders dropping by 14.7%.

According to the National Bureau of Statistics, the production of metal cutting machine tools by large-scale enterprises nationwide reached 211,000 units from January to April, marking a 6.0% increase year-on-year. Meanwhile, the production of metal forming machine tools amounted to 51,000 units, declining by 16.4% year-on-year.

According to data from the Chinese Customs, the total import and export value of machine tools from January to April was $10.07 billion USD, showing a 2.8% decrease year-on-year. Imports amounted to $3.35 billion USD, down by 9.6%, while exports amounted to $6.72 billion USD, up by 1.0% year-on-year.