Japan MT orders in March exceeded 120 billion yen for 1 time in 2 years

Japan Machine Tool Builders’ Association (JMTBA) announced on April 20, 2021 the confirmed figures for the amount of Japan machine tool orders in March 2021. The total amount of orders was 127.8 billion yen, up 65.1% from the same month of the previous year. Domestic demand increased 18.2% year-on-year to 40.4 billion yen, and foreign demand increased 102.3% year-on-year to 87.3 billion yen.

The total amount of orders has exceeded 120 billion yen for the first time in two years since 130.6 billion yen in March 2019. Due to the effect of the fiscal end of 2020, both domestic and foreign demand have continued to recover, with a month-on-month increase for the second consecutive month and a year-on-year increase for the fifth consecutive month.

JMTBA said, “From September 2020 to January 2021, the total amount of orders was in the range of 80 to 100 billion yen. However, in the last two months, it has exceeded 100 billion yen in a row, and the order level has risen further. The future is getting brighter and brighter. ”

According to interviews with JMTBA members, regarding to domestic demand, demand related to semiconductor manufacturing equipment is increasing further, and the orders in a wide range of industries such as hydraulic and pneumatic equipment, construction machinery, industrial machinery such as speed reducers for robots, automobiles, and various metal products has been increased.

Regarding to foreign demand, orders from China exceeded 35 billion yen for the first time in three years since 35.9 billion yen in March 2018. Orders from China fell to 7.4 billion yen in February 2020, but in just one year, it reached the third highest order amount ever. In India, orders for electrical machinery continued to increase, surpassing 4 billion yen for the second straight month.