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September MT orders, foreign demand hits a record high for September

October 25, 2022

Japan Machine Tool Builders’ Association (JMTBA) announced firm report of machine tool orders for September 2022. The total amount of orders received was 150.8 billion yen, exceeding 150 billion yen for the first time in three months. This was the 14th record for a single month and the second highest for September. It was also the 20th consecutive month in which orders exceeded 100 billion yen.

Domestic demand increased month-on-month (MoM) after three months, and decreased year-on-year (YoY) for the first time in 19 months to 52.4 billion yen. It was the fourth consecutive month in which domestic demand exceeded 50 billion yen. September is usually a month of seasonal increases due to the end of the fiscal half-year, and eight of the 11 industry sectors saw MoM increases. On the other hand, compared to the same month last year, when the effect of subsidies was strong, seven industries saw a decrease. However, domestic demand is generally remaining firm.

Foreign demand increased for the first time in four months and for the 23rd consecutive month of YoY growth to 98.4 billion yen. It was also the first time in three months that foreign demand exceeded 95.0 billion yen. Orders remained at a high level, marking the 10th highest single month in history and the highest amount ever recorded in September. Orders by region increased from the previous month in all three major regions (Asia, Europe, and North America). In Asia, orders for automobiles and electrical/precision increased, mainly from China. In Europe, orders showed growth in Germany, where there was an exhibition, and in the U.K., where there was an increase in electric and precision orders. Orders from North America increased, mainly from the U.S., where the effect of the exhibition and large orders for aircraft were received.

September Summary

Amount (million yen) MoM change (%) YoY change (%)
Total Orders 150,848 108.3 104.3
Domestic total 52,419 101.2 91.1
Industrial Machinery 20,431 102.8 86.4
Motor Vehicles 12,046 89.2 114.5
Electrical & Precision Machinery 6,762 89.1 88.9
Aircraft/Shipbuilding/Transport equipment 1,541 124.1 83.7
Foreign total 98,429 112.4 113.1
Asia 47,500 108.6 125.3
Europe 18,964 119.9 93.50
North America 30,144 118.4 111.6




Japan MT orders for

October 2021: strong orders from Europe and the U.S.

November 2021:Both domestic and foreign demand remain strong

December 2021: First drop below 140 billion yen in 4 months, but still remains high

2021 summary: Japan’s MT orders in 2021 raise for the first time in 3 years

January 2022: Large orders in foreign demand; total orders exceed 140 billion yen

February 2022: High levels of both domestic and foreign demand, generally keeping strong

March 2022: Strong March results despite risk factors

April 2o22: April MT orders, minimal impact from risk factors

May 2022: May MT orders, 3 new records for foreign demand

June 2022: June MT preliminary report, orders remain favorable

July 2022: July MT orders, second-highest July month on record

August 2022: August MT orders, falling below 140 billion JPY first time in 6 months

Related Topics

Japan MT order

Machine tool

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