The first half of 2021’s MT industry: orders, production, exports, and imports (4/5)

The supply and demand results for Japan’s machine tools in the first half of 2021 have been settled. The amount of machine tool orders has recovered substantially from the blow of the COVID-19 disaster. SEISANZAI Japan editorial team will continue to report on the supply and demand performance of the Japanese machine tool industry in the first half of 2021.

China was the top export destination

In the first half of 2021, the amount of machine tool exports increased 26.5% from the same period last year to 338,371 million yen. The number of units exported increased by 52.1% year-on-year（YoY） to 43,234 units.

East Asia accounted for the largest share of the total export amount, at 50.8%. North America and Europe accounted for 20.5% and 13.6%, respectively. China was the top export destination. Exports to China were 128,559 million yen, up 65.5% from the same period last year. In second place was the U.S., with exports to the U.S. up 11.5% YoY to 60,666 million yen.

SEISANZAI Japan editorial department independently compiled a list of the top 10 export destinations for NC lathes and machining centers（MCs）. The U.S. was placed at the top of the NC lathe export ranking and China in second place, followed by South Korea in third place. The top export destination ranking for MCs was China, followed by the U.S. and India.

SEISANZAI Japan editorial team will introduce the import trend of Japanese machine tools in the first half of 2021 tomorrow.

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The first half of 2021’s MT industry: orders, production, exports, and imports (1/5)

The first half of 2021’s MT industry: orders, production, exports, and imports (2/5)

The first half of 2021’s MT industry: orders, production, exports, and imports (3/5)

The first half of 2021’s MT industry: orders, production, exports, and imports (4/5)